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<?xml version="1.0" encoding="windows-1252"?> |
<ownershipDocument> |
| <schemaVersion> X0306 </schemaVersion> |
| <documentType> 4 </documentType> |
| <periodOfReport> 2021-05-01 </periodOfReport> |
| <notSubjectToSection16> 0 </notSubjectToSection16> |
| <issuer> |
| | <issuerCik> 0001530721 </issuerCik> |
| | <issuerName> Capri Holdings Ltd </issuerName> |
| | <issuerTradingSymbol> CPRI </issuerTradingSymbol> |
| | </issuer> |
| <reportingOwner> |
| | <reportingOwnerId> |
| | | <rptOwnerCik> 0001637335 </rptOwnerCik> |
| | | <rptOwnerName> Edwards Thomas Jr. </rptOwnerName> |
| | | </reportingOwnerId> |
| | <reportingOwnerAddress> |
| | | <rptOwnerStreet1> 33 KINGSWAY </rptOwnerStreet1> |
| | | <rptOwnerStreet2></rptOwnerStreet2> |
| | | <rptOwnerCity> LONDON </rptOwnerCity> |
| | | <rptOwnerState> X0 </rptOwnerState> |
| | | <rptOwnerZipCode> WC2B 6UF </rptOwnerZipCode> |
| | | <rptOwnerStateDescription> UNITED KINGDOM </rptOwnerStateDescription> |
| | | </reportingOwnerAddress> |
| | <reportingOwnerRelationship> |
| | | <isDirector> 0 </isDirector> |
| | | <isOfficer> 1 </isOfficer> |
| | | <isTenPercentOwner> 0 </isTenPercentOwner> |
| | | <isOther> 0 </isOther> |
| | | <officerTitle> EVP, CFO & COO </officerTitle> |
| | | <otherText></otherText> |
| | | </reportingOwnerRelationship> |
| | </reportingOwner> |
| <nonDerivativeTable> |
| | <nonDerivativeTransaction> |
| | | <securityTitle> |
| <value> Ordinary shares, no par value </value> |
| </securityTitle> |
| | | <transactionDate> |
| <value> 2021-05-01 </value> |
| </transactionDate> |
| | | <deemedExecutionDate></deemedExecutionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> M </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionTimeliness></transactionTimeliness> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 20424 </value> |
| <footnoteId id="F1"/> |
| </transactionShares> |
| <transactionPricePerShare> |
| <value> 0 </value> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> A </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 75615 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </nonDerivativeTransaction> |
| | <nonDerivativeTransaction> |
| | | <securityTitle> |
| <value> Ordinary shares, no par value </value> |
| </securityTitle> |
| | | <transactionDate> |
| <value> 2021-05-01 </value> |
| </transactionDate> |
| | | <deemedExecutionDate></deemedExecutionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> F </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionTimeliness></transactionTimeliness> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 8086 </value> |
| <footnoteId id="F2"/> |
| </transactionShares> |
| <transactionPricePerShare> |
| <value> 57.41 </value> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> D </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 67529 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </nonDerivativeTransaction> |
| | </nonDerivativeTable> |
| <derivativeTable> |
| | <derivativeTransaction> |
| | | <securityTitle> |
| <value> Restricted share units </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 0 </value> |
| </conversionOrExercisePrice> |
| | | <transactionDate> |
| <value> 2021-05-01 </value> |
| </transactionDate> |
| | | <deemedExecutionDate></deemedExecutionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> M </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionTimeliness></transactionTimeliness> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 20424 </value> |
| </transactionShares> |
| <transactionPricePerShare> |
| <value> 0 </value> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> D </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <exerciseDate> |
| <footnoteId id="F3"/> |
| </exerciseDate> |
| | | <expirationDate> |
| <footnoteId id="F4"/> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Ordinary shares, no par value </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 20424 </value> |
| <footnoteId id="F5"/> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 0 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeTransaction> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Restricted share units </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 0 </value> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <footnoteId id="F6"/> |
| </exerciseDate> |
| | | <expirationDate> |
| <footnoteId id="F4"/> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Ordinary shares, no par value </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 16612 </value> |
| <footnoteId id="F5"/> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 16612 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Restricted share units </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 0 </value> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <footnoteId id="F7"/> |
| </exerciseDate> |
| | | <expirationDate> |
| <footnoteId id="F4"/> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Ordinary shares, no par value </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 8145 </value> |
| <footnoteId id="F5"/> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 8145 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Restricted share units </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 0 </value> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <footnoteId id="F8"/> |
| </exerciseDate> |
| | | <expirationDate> |
| <footnoteId id="F4"/> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Ordinary shares, no par value </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 88183 </value> |
| <footnoteId id="F5"/> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 88183 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | <derivativeHolding> |
| | | <securityTitle> |
| <value> Employee share option (right to buy) </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 67.52 </value> |
| </conversionOrExercisePrice> |
| | | <exerciseDate> |
| <footnoteId id="F7"/> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2025-06-15 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Ordinary shares, no par value </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 12250 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 12250 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeHolding> |
| | </derivativeTable> |
| <footnotes> |
| | <footnote id="F1"> Respresents settlement of restricted share units ("RSUs") through the issuance of one ordinary share for each vested RSU. </footnote> |
| | <footnote id="F2"> Represents shares withheld by the Company to cover tax withholding obligations upon vesting. </footnote> |
| | <footnote id="F3"> Granted on May 1, 2017 pursuant to the Capri Holdings Limited Second Amended and Restated Incentive Plan (the "Incentive Plan"). These securities vest 25% each year on May 1, 2018, 2019, 2020 and 2021, respectively, subject to employee's continued employment with the Company through the vesting date unless employee is retirement eligible. </footnote> |
| | <footnote id="F4"> The RSUs do not expire. </footnote> |
| | <footnote id="F5"> Settlement of this award will be satisfied through the issuance of one ordinary share for each vested RSU. </footnote> |
| | <footnote id="F6"> Granted on June 17, 2019 pursuant to the Incentive Plan. These securities vest 25% each year on June 17, 2020, 2021, 2022 and 2023, respectively, subject to grantee's continued employment with the Company through the vesting date. </footnote> |
| | <footnote id="F7"> Granted on June 15, 2018 pursuant to the Incentive Plan. These securities vest 25% each year on June 15, 2019, 2020, 2021 and 2022, respectively, subject to grantee's continued employment with the Company through the vesting date. </footnote> |
| | <footnote id="F8"> Granted on June 15, 2020 pursuant to the Incentive Plan. These securities vest 1/3 each year on June 15, 2021, 2022 and 2023, respectively, subject to grantee's continued employment with the Company through the vesting date. </footnote> |
| | </footnotes> |
| <ownerSignature> |
| | <signatureName> /s/ Krista A. McDonough, as attorney-in-fact for Thomas J. Edwards, Jr. </signatureName> |
| | <signatureDate> 2021-05-04 </signatureDate> |
| | </ownerSignature> |
| </ownershipDocument> |