Form 4 for CPRI Capri Holdings Ltd
Accepted 2023-12-20 00:00:00 ET · period of report 2023-12-18 · accession 0001530721-23-000198 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-20 | 2023-12-18 | CPRI | Hendricks Jenna | SVP, CHRO | M - OptEx | $0.00 | +20.3K | 63.7K | +47% | $0 |
| DM | 2023-12-20 | 2023-12-18 | CPRI | Hendricks Jenna | SVP, CHRO | M - OptEx | $0.00 | -20.3K | 17.8K | -53% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary shares, no par value | 2023-12-18 | M | A | 20,333 | $0.00 | 63,725 | D | — | — | |
| 2 | Derivative | Restricted share units | 2023-12-18 | M | D | 5,273 | $0.00 | 5,273 | D | $0.00 · — to — | 5,273 Ordinary shares, no par value | (F2) Reflects the accelerated vesting of time-based RSU awards that were otherwise scheduled to vest in 2024 for the purpose of reducing or eliminating the excise tax imposed under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, that would be imposed on amounts payable to the Reporting Person in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 10, 2023, by and among Tapestry, Inc., Sunrise Merger Sub, Inc., and the Company. (F5) Granted on June 15, 2022 pursuant to the Capri Holdings Limited Third Amended and Restated Incentive Plan (the "Incentive Plan"). The securities underlying the total number of RSUs originally granted will vest 1/3 each year on June 15, 2023, 2024 and 2025, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan. (F3) The RSUs do not expire. |
| 3 | Derivative | Restricted share units | 2023-12-18 | M | D | 9,119 | $0.00 | 0 | D | $0.00 · 2024-06-15 to — | 9,119 Ordinary shares, no par value | (F2) Reflects the accelerated vesting of time-based RSU awards that were otherwise scheduled to vest in 2024 for the purpose of reducing or eliminating the excise tax imposed under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, that would be imposed on amounts payable to the Reporting Person in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 10, 2023, by and among Tapestry, Inc., Sunrise Merger Sub, Inc., and the Company. (F3) The RSUs do not expire. |
| 4 | Derivative | Restricted share units | 2023-12-18 | M | D | 5,941 | $0.00 | 17,823 | D | $0.00 · — to — | 5,941 Ordinary shares, no par value | (F2) Reflects the accelerated vesting of time-based RSU awards that were otherwise scheduled to vest in 2024 for the purpose of reducing or eliminating the excise tax imposed under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, that would be imposed on amounts payable to the Reporting Person in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 10, 2023, by and among Tapestry, Inc., Sunrise Merger Sub, Inc., and the Company. (F6) Granted on June 15, 2023 pursuant to the Incentive Plan. The securities underlying the total number of RSUs originally granted will vest 25% each year on June 15, 2024, 2025, 2026, and 2027, respectively, subject to grantee's continued employment with the Company through the vesting date unless the grantee dies, becomes permanently disabled or is retirement eligible under the Incentive Plan. (F3) The RSUs do not expire. |