Vistaprint 2008 Annual Report Download - page 145
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25% one year after the date of grant and 6.25% per quarter thereafter. The expiration date of each option
occurs 10 years after the date of grant of each option.
(2) The restricted share unit becomes exercisable, subject to the Named Executive Officer’s continued
employment with us, as to 25% one year after the date of grant and 6.25% per quarter thereafter. The
expiration date of each unit occurs 10 years after the date of grant of such restricted share unit.
(3) The market value of the restricted shares units is determined by multiplying the closing market price of our
common shares on the NASDAQ Global Select Market on June 30, 2008, the last trading day of fiscal 2007,
or $26.76, by the number of restricted share units.
Option Exercises and Shares Vested
The following table contains information with respect to option exercises and vesting of restricted share
units on an aggregated basis during fiscal 2008 for each of our Named Executive Officers.
Option Awards Share Awards
Name
Number of Shares
Acquired on
Exercise
(#)
Value Realized
on Exercise
(1)($)
Number of Shares
Acquired on
Vesting
(#)
Value Realized
on Vesting
(2)($)
Robert Keane .......................... — — — —
Harpreet Grewal ........................ 20,850 209,946 37,500 1,454,688
Wendy Cebula ......................... 35,000 893,762 — —
Anne Drapeau .......................... 25,000 805,150 — —
Janet Holian ........................... 101,583 2,761,054 — —
(1) Represents the net amount realized from all option exercises during fiscal 2008. 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
common shares on the NASDAQ Global Select Market 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 common shares on the NASDAQ Global Select Market on the
date of vesting.
Proxy Statement
33