Vistaprint 2008 Annual Report Download - page 144

Each of the Named Executive Officers was issued the annual equity incentive grants under the 2005
Amended and Restated Equity Incentive Plan. Robert Keane was issued share options with an exercise price of
$34.87 which was equal to the closing price of our common shares on May 2, 2008. In May 2008, each of the
other Named Executives Officers, other than Mr. Grewal and Ms. Drapeau was issued restricted share units as
part of the fiscal 2008 retention grant program. Both the share option and the restricted share unit grants vest over
a four-year vesting period. The number of share options and restricted share units issued as part of the fiscal 2008
annual retention program was based upon the comprehensive competitive analysis conducted by our
compensation consultant DolmatConnell and targets values that are commensurate with our primary peer group
as determined by DolmatConnell. Given our compensation philosophy, more emphasis is placed upon equity
compensation than cash compensation to better align the interests of our executives with the interests of the
Company and our shareholders.
Outstanding Equity Awards at June 30, 2008
The following table contains information regarding unexercised options, unvested shares and equity
incentive plan awards as of June 30, 2008 and the value of unexercised options, unvested shares and equity
incentive plan awards that have not vested as of the end of the fiscal year ended June 30, 2008 for each of our
Named Executive Officers.
Outstanding Equity Awards at Fiscal Year-End
Option Awards Share Awards
Name
Number of
Securities
Underlying
Unexercised
Options
Number of
Securities
Underlying
Unexercised
Options
Option
Exercise
Price
(1)($)
Option
Expiration
Date
Number
of Shares
or Shares
Units
that
Have Not
Vested
(2)(#)
Market
Value of
Shares or
Share
Units That
Have Not
Vested
(3)($)(#) Exercisable (#) Un-exercisable
Robert Keane ................ 150,000 — 4.11 1/28/2014
525,000 175,000 12.33 5/31/2015
56,896 73,154 23.31 8/4/2016
35,904 107,714 37.51 5/15/2017
— 333,318 34.87 5/2/2018
——
Harpreet Grewal ............. 12,900 56,250 31.28 10/31/2016
12,428 37,286 37.51 5/15/2017
62,500 1,672,500
Wendy Cebula ............... 9,000 — 4.11 1/28/2014
33,000 25,000 12.33 5/31/2015
43,750 56,250 23.31 8/4/2016
12,428 37,286 37.51 5/15/2017
62,200 1,664,472
Anne Drapeau ............... 82,500 62,500 12.00 9/29/2015
14,691 18,890 23.31 8/4/2016
4,833 14,500 37.51 5/15/2017
——
Janet Holian ................. — 87,500 12.33 5/31/2015
43,750 56,250 23.31 8/4/2016
12,428 37,286 37.51 5/15/2017
62,200 1,664,472
(1) Each option has an exercise price equal to the fair market value of our common shares on the date of grant
and becomes exercisable, subject to the Named Executive Officer’s continued employment with us, as to
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