Vistaprint 2013 Annual Report Download - page 145

Download and view the complete annual report

Please find page 145 of the 2013 Vistaprint annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 149

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149

Option Awards Share Awards
Number of
Securities
Underlying
Unexercised
Options
Option
Exercise
Price
(1)($)
Option
Expiration
Date
Number
of Shares
or Share
Units
That
Have Not
Vested
(2)(#)
Market
Value of
Shares or
Share
Units That
Have Not
Vested
(3)($)Name (#) Exercisable (#) Unexercisable
George M. Overholser ........ 14,500 — 4.11 07/29/2014
1,462 — 33.24 11/14/2016
1,324 — 46.18 11/02/2017
3,183 — 15.94 11/07/2018
1,759 — 54.46 11/17/2019
2,035 408 40.99 11/12/2020
1,345 1,345 35.77 11/03/2021
529 2,646 30.30 11/08/2022
5,011 247,393
Louis R. Page ............... 2,925 — 33.24 11/14/2016
2,269 — 46.18 11/02/2017
9,548 — 15.94 11/07/2018
1,919 — 54.46 11/17/2019
2,035 408 40.99 11/12/2020
1,345 1,345 35.77 11/03/2021
529 2,646 30.30 11/08/2022
5,011 247,393
Richard T. Riley ............ 30,000 — 4.11 02/01/2015
2,925 — 33.24 11/14/2016
2,269 — 46.18 11/02/2017
9,548 — 15.94 11/07/2018
1,919 — 54.46 11/17/2019
2,035 408 40.99 11/12/2020
1,345 1,345 35.77 11/03/2021
529 2,646 30.30 11/08/2022
5,011 247,393
Mark T. Thomas ............ 5,758 — 54.46 11/17/2019
2,035 408 40.99 11/12/2020
1,345 1,345 35.77 11/03/2021
529 2,646 30.30 11/08/2022
5,011 247,393
(1) Each share option has an exercise price equal to the fair market value of our ordinary shares on the date of
grant and becomes exercisable at a rate of 8.33% per quarter over a period of three years from the date of
grant, so long as the supervisory director continues to serve as a supervisory director on each such vesting
date. Each share option expires 10 years after the date on which it was granted.
(2) Each restricted share unit vests, and the vested shares are issued to the supervisory director, as to 8.33% of
the shares subject to the unit per quarter over a period of three years, so long as the supervisory director con-
tinues to serve as a supervisory director on each such vesting date.
(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.
We use a combination of cash and share-based incentive compensation to attract and retain qualified candi-
dates to serve on our Supervisory Board. When we initially set our supervisory directors’ compensation, we con-
sidered the significant amount of time that supervisory directors expend in fulfilling their duties to Vistaprint, the
48