Vistaprint 2010 Annual Report Download - page 138

Proxy Statement
(3) The amounts reported in this column represent restricted share units granted under our Amended and
Restated 2005 Equity Incentive Plan that vest 25% one year after the date of grant and 6.25% per quarter
thereafter. As the restricted share units vest, we automatically issue the vested shares to the employee;
the employee does not need to exercise them or pay any amount to us for the purchase of the shares.
(4) The amounts reported in this column represent share options granted under our Amended and Restated
2005 Equity Incentive Plan that vest 25% one year after the date of grant and 6.25% per quarter
thereafter.
(5) The exercise price of our share options equals the closing price of our ordinary shares on the NASDAQ
Global Select Market on the date of grant.
(6) The amounts reported in this column represent the grant date fair value for each share-based award com-
puted in accordance with FASB ASC Topic 718. You can find the assumptions we used in the calcula-
tions for these amounts in Note 2 to our Consolidated Financial Statements included in our Annual
Report on Form 10-K for the fiscal year ended June 30, 2010.
(7) The estimated amounts in this row would be payable to Mr. Keane in Euros. For purposes of this table,
we converted Mr. Keane’s estimated incentive payments from Euros to U.S. dollars at a currency
exchange rate of 1.2217, based on the 30-day average currency exchange rate for June 1-30, 2010, which
was the end of our most recent fiscal year.
(8) These amounts represent target annual cash incentives for our fiscal year ended June 30, 2010, which
were based 50% on our achievement of constant currency revenue targets and 50% on our achievement
of EPS targets for fiscal 2010. These amounts represent potential payments that our named executive offi-
cers would have been eligible to receive under their fiscal 2010 annual cash incentive awards if we had
achieved 100% of both our revenue target and our EPS target for fiscal 2010. In fact, we achieved more
than 100% of our targets for fiscal 2010, so our executive officers received payments in excess of these
amounts. You can find more information on the amounts actually paid to our executive officers under
their fiscal 2010 annual cash incentive awards above in the Compensation Discussion and Analysis sec-
tion of this proxy statement.
(9) These amounts represent the maximum amounts that would have been payable under our named execu-
tive officers’ annual cash incentive awards for our fiscal year ended June 30, 2010. The payout under our
annual cash incentives is capped at 250% of each executive officer’s target amount. In fact, based on our
achievement of our targets for fiscal 2010, our executive officers received payments that were less than
these amounts. You can find more information on the amounts actually paid to our executive officers
under their fiscal 2010 annual cash incentive awards above in the Compensation Discussion and Analysis
section of this proxy statement.
(10) These amounts represent target long-term cash incentives. Each named executive officer is eligible to
receive 25% of his or her total award for each of our fiscal years ending June 30, 2010, 2011, 2012 and
2013 based on our achievement of EPS targets for each fiscal year. The EPS targets are expressed as dol-
lar values in the low, medium and upper ranges. These amounts represent potential aggregate payments
that our executive officers would be eligible to receive over four years under their long-term performance
awards if we were to achieve the medium range of our EPS targets in each of the four fiscal years cov-
ered by the awards. You can find more information on the amounts actually paid to our executive officers
for fiscal 2010 under their long-term cash incentive awards above in the Compensation Discussion and
Analysis section of this proxy statement.
(11) These amounts represent the maximum amounts payable under our named executive officers’ long-term
cash incentives. These amounts represent potential aggregate payments that our executive officers would
be eligible to receive over four years under their long-term performance awards if we were to achieve the
upper range of our EPS targets in each of the four fiscal years covered by the awards. You can find more
information on the amounts actually paid to our executive officers for fiscal 2010 under their long-term
cash incentive awards above in the Compensation Discussion and Analysis section of this proxy
statement.
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