Sec Form 4 Filing - Russell Britton @ Michael Kors Holdings Ltd - 2013-10-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Russell Britton
2. Issuer Name and Ticker or Trading Symbol
Michael Kors Holdings Ltd [ KORS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, Global Operations
(Last) (First) (Middle)
C/O MICHAEL KORS LTD, UNIT 1902, 19/F, TOWER 6, THE GATEWAY, HARBOUR CITY
3. Date of Earliest Transaction (MM/DD/YY)
10/01/2013
(Street)
TSIM SHA TSI, KOWLOON, K3
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Ordinary shares, no par value 10/01/2013 S 403 ( 1 ) D $ 75.1357 4,120 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee share option (right to buy) $ 52.9 ( 2 ) 10/01/2019 Ordinary shares, no par value 6,726 6,726 D
Employee share option (right to buy) $ 62.24 ( 3 ) 06/03/2020 Ordinary shares, no par value 4,211 4,211 D
Performance-based restricted share units $ 0 ( 4 ) ( 4 ) Ordinary shares, no par value 1,446 0 ( 5 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Russell Britton
C/O MICHAEL KORS LTD, UNIT 1902, 19/F
TOWER 6, THE GATEWAY, HARBOUR CITY
TSIM SHA TSI, KOWLOON, K3
SVP, Global Operations
Signatures
/s/ Krista A. McDonough, as Attorney-in-Fact for Britton Russell 12/18/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares sold by the reporting person to cover tax withholding obligations upon the vesting of restricted shares.
( 2 )Granted pursuant to the Michael Kors Holdings Limited Omnibus Incentive Plan (the "Incentive Plan") on October 1, 2012. 25% of these share options are fully vested and exercisable. Of the remaining unvested share options one-third will vest on October 1, 2014, 2015 and 2016, respectively, subject to grantee's continued employment with the Company through the vesting date.
( 3 )Granted pursuant to the Incentive Plan on June 3, 2013. 25% of these share options will vest annually on each of June 3, 2014, 2015, 2016 and 2017, respectively, subject to grantee's continued employment with the Company through the vesting date.
( 4 )Each performance-based restricted share unit ("PRSUs") represents a contingent right to receive one ordinary share of the Company. The PRSUs will cliff vest around June 2016 only upon achievement of a pre-established cumulative net earnings goal for the applicable three-year period (2014-2016), subject to the grantee's continued employment with the Company through the end of such performance period.
( 5 )The number of ordinary shares earned with respect to such PRSUs will range from 0-150% of the shares originally subject to the award, depending on actual achievement.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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