FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/31/2013 |
3. Issuer Name and Ticker or Trading Symbol
Michael Kors Holdings Ltd [ KORS ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Ordinary shares, no par value | 4,201,793 | D | |
Ordinary shares, no par value | 125,000(1) | D | |
Ordinary shares, no par value | 95,000 | I | Held by the Kors LePere Foundation |
Ordinary shares, no par value | 4,167 | I | Held by spouse |
Ordinary shares, no par value | 12,500(1) | I | Held by spouse |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee share option (right to buy) | (2) | 12/14/2018 | Ordinary shares, no par value | 387,597 | $20 | D | |
Employee share option (right to buy) | (3) | 04/16/2018 | Ordinary shares, no par value | 246,590 | $2.6316 | I | Held by spouse |
Employee share option (right to buy) | (4) | 10/25/2020 | Ordinary shares, no par value | 165,765 | $2.6316 | I | Held by spouse |
Employee share option (right to buy) | (2) | 12/14/2018 | Ordinary shares, no par value | 38,760 | $20 | I | Held by spouse |
Explanation of Responses: |
1. Represents restricted shares granted pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan). 1/3 of these restricted shares will vest annually on each of December 14, 2013, 2014 and 2015, respectively, subject to grantee's continued employment with the Company through the vesting date. |
2. Granted on December 14, 2011 pursuant to the Incentive Plan. 25% of these share options are immediately exercisable. 1/3 of the remaining unvested share options will vest annually on each of December 14, 2013, 2014 and 2015, respectively, subject to grantee's continued employment with the Company through the vesting date. |
3. Immediately exercisable. |
4. Granted on October 25, 2010 pursuant to the Amended and Restated Michael Kors (USA), Inc. Stock Option Plan. 53,762 share options are immediately exercisable and 112,003 are unvested. These share options vest in full 10-years from the date of grant if the Company's shareholder net equity has increased by at least 20% per annum during such 10-year period. These share options may also vest on an accelerated basis if the pre-established annual performance goal (tied to annual divisional pre-tax profit) for the year has been met, in each case, subject to the grantee's continued employment with the Company through the vesting date. If the annual performance goal is attained for Fiscal 2013, Fiscal 2014 and/or Fiscal 2015, then 1/3 of the unvested share options will vest on or about the date the audit of the financial statements of the Company for Fiscal 2013, 2014 and 2015, respectively, is completed. |
/s/ Krista A. McDonough, as Attorney-in-Fact for Michael Kors | 04/01/2013 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |