Vistaprint 2007 Annual Report Download - page 144

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Grants of Plan-Based Awards in the Fiscal Year Ended June 30, 2007
The following table contains information regarding awards granted to each of the Named Executive Officers
during the fiscal year ended June 30, 2007.
Grants of Plan-Based Awards
Name
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards
(1)
Grant Date
All Other
Share
Awards:
Number
of Shares
or Units
(2)(#)
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(3)(#)
Exercise
or Base
Price of
Option
Awards
($/Sh)
Grant Date
Fair Value
of Share
and Option
Awards
($)(5)
Threshold
($)(4)
Target
($)
Maximum
($)
Robert Keane ...... 189,591 252,788 631,970 8/4/2006 — 130,050 23.31 330,960
5/15/2007 143,618 37.51 77,165
Harpreet Grewal .... 72,000 96,000 240,000 10/31/2006 90,000 31.28 229,155
10/31/2006 100,000 — — 495,523
5/15/2007 49,714 37.51 26,711
Paul Flanagan ...... — — — — — — — —
Wendy Cebula ..... 74,250 99,000 247,500 8/4/2006 — 100,000 23.31 254,487
5/15/2007 49,714 37.51 26,711
Anne Drapeau ...... 96,000 128,000 320,000 8/4/2006 — 33,581 23.31 85,459
5/15/2007 19,333 37.51 10,388
Janet Holian ....... 96,000 128,000 320,000 8/4/2006 — 100,000 23.31 254,487
5/15/2007 49,714 37.51 26,711
(1) Consists of performance-based cash incentive bonus awards under the Executive Officer Fiscal Year 2007
Bonus Plan. Actual amounts awarded are set forth in the summary compensation table above.
(2) Consists of restricted share units that vest 25% one year after the date of grant and 6.25% per quarter
thereafter.
(3) Consists of share options that vest 25% one year after the date of grant and 6.25% per quarter thereafter.
(4) Threshold payments represent 90% company performance on revenue and earnings per share targets
resulting in 75% payout of target bonus amounts. The amount reported for Mr. Grewal is prorated based on
hire date. The amount reported for Ms. Cebula reflects a bonus target of $70,000 for the first half of fiscal
2007 and $128,000 for the second half of fiscal 2007.
(5) Amounts reported in this column represent the compensation expense we recognized in fiscal 2007 related
to the applicable share-based award pursuant to SFAS 123R. Assumptions used in the calculations for these
amounts are included in Note 2 to our 2006 Consolidated Financial Statements included in our Annual
Report on Form 10-K for the fiscal year ended June 30, 2006.
As discussed in the Compensation Discussion and Analysis above, each of our Named Executive Officers
participated in a cash incentive bonus program in fiscal 2007. Each Named Executive Officer’s bonus was
weighted as follows: 50% to achievement of Revenue targets, and 50% to achievement of earnings per share
targets. Targets were based upon budget targets established by the Board of Directors. For the purposes of the
bonus calculation: “Revenue” is defined as consolidated net revenue for VistaPrint Limited and all of its
subsidiaries; and “earnings per share” is defined as earnings per share, on a fully diluted basis, calculated in
accordance with US generally accepted accounting principles but excluding share option compensation expense
28