Vistaprint 2013 Annual Report Download - page 143

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(3) The market value of the restricted share units is determined by multiplying the number of restricted share
units by $49.37 per share, which was the closing price of our ordinary shares on NASDAQ on June 28, 2013,
the last trading day of our fiscal year 2013.
(4) All of Mr. Keane’s awards are held by his Trusts.
(5) Mr. Keane may not exercise his premium-priced options unless our share price on NASDAQ is at least
$75.00 on the exercise date. Because the closing price of our ordinary shares on NASDAQ on June 28, 2013,
the last trading day of our fiscal year 2013, was $49.37, these options were not exercisable as of June 30,
2013.
(6) These awards are premium-priced share options with an exercise price that is significantly higher than the
closing price of Vistaprint’s ordinary shares on NASDAQ on the grant dates. The Compensation Committee
chose this exercise price in part because it is higher than the highest of the three-, six-, and twelve-month
trailing averages of Vistaprint’s share price on NASDAQ as of the July 28, 2011 public announcement of our
five-year growth strategy. The premium-priced share options vest over seven years and have an eight-year
term.
Option Exercises and Shares Vested in the Fiscal Year Ended June 30, 2013
The following table contains information about option exercises and vesting of restricted share units on an
aggregated basis during fiscal 2013 for each of our named executive officers.
Option Awards Share Awards
Name
Number of Shares
Acquired on
Exercise
(#)
Value Realized
on Exercise
(1)($)
Number of Shares
Acquired on
Vesting
(#)
Value Realized
on Vesting
(2)($)
Robert S. Keane ............. — — 24,690 882,848
Katryn S. Blake ............. — — 21,818 820,306
Hauke K.U. Hansen .......... — — 7,508 302,959
Donald R. Nelson ............ — — 14,959 550,719
Ernst J. Teunissen ............ — — 17,997 672,312
(1) Represents the net amount realized from all option exercises during fiscal 2013. In cases involving an
exercise and immediate sale, the value was calculated on the basis of the actual sale price. In cases involving
an exercise without immediate sale, the value was calculated on the basis of our closing sale price of our
ordinary shares on NASDAQ on the date of exercise.
(2) The value realized on vesting of restricted share units is determined by multiplying the number of shares that
vested by the closing sale price of our ordinary shares on NASDAQ on the vesting date.
46