Vistaprint 2014 Annual Report Download - page 140

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36
(4) The value of these share options granted to Ms. Blake and Messrs. Hansen, Nelson, and Teunissen represents the total
approximate value of all traditional share options that Vistaprint would have granted to these executives over a four-year
period, and the aggregate value of Mr. Keane’s share options, which was intended to equal approximately $21,580,700,
represents the total approximate value of all long-term incentive awards of any kind that Vistaprint would have granted
to Mr. Keane over a four-year period. Due to a limitation in our 2011 Equity Incentive Plan that prohibits us from granting
awards for more than 1,000,000 shares in any fiscal year to any participant, we divided Mr. Keane’s share option into
two parts that were granted separately in each of our fiscal years 2012 and 2013 for purposes of complying with the
limitation set forth in the plan: The $17,624,626 amount that appears in Mr. Keane’s fiscal 2012 row of this table
represents the first portion of the share option, which was granted on May 4, 2012, and the $3,450,821 amount that
appears in Mr. Keane’s fiscal 2013 row of this table represents the balance of the share option that was granted on
August 1, 2012. The fiscal 2012 and 2013 dollar amounts do not add up to exactly $21,580,700 because the value of
the options was determined as of May 4, 2012, but, as required by SEC rules, the value of the fiscal 2013 portion of the
option set forth in the table above is as of August 1, 2012, the grant date of the second portion. Our Supervisory Board
has passed resolutions that, until fiscal 2016 at the earliest, Vistaprint shall not grant any additional long-term incentive
award in any form (including equity or long-term cash awards) to Mr. Keane or any additional share options to Ms. Blake
or Messrs. Nelson or Teunissen.
(5) This amount represents tax gross-up payments relating to the reimbursement of business travel expenses.
(6) $225,492 of this amount represents reimbursements and payments for foreign allowances, children’s tuition and care,
home leave, property maintenance, transportation, and cash payout of accrued paid time off in connection with Ms.
Blake’s expatriate assignment to our Paris office; $313,566 of this amount represents tax payments and tax gross-up
amounts relating to the expatriate payments; and $7,477 of this amount represents our matching contributions under
Vistaprint USA’s 401(k) deferred savings plan.
(7) This amount represents our matching contributions under Vistaprint USA’s 401(k) deferred savings retirement plan.
(8) This amount represents payments of school tuition for Mr. Teunissen’s children.
(9) Dr. Hansen was appointed an executive officer in August 2012, and his employment was terminated on June 30, 2014.
(10) $762,753 of this amount represents severance payments in connection with the termination of Dr. Hansen's
employment, $119,344 of this amount represents contributions made to our Swiss pension plan for Dr. Hansen, $20,879
of this amount represents car allowance payments, and $2,680 of this amount represents a health allowance.
Grants of Plan-Based Awards in the Fiscal Year Ended June 30, 2014
The following table contains information about plan-based awards granted to each of our named executive officers
during the fiscal year ended June 30, 2014.
All Other
Share Awards:
Number of
Shares or
Share Units
Grant Date
Fair Value of
Share Awards
Estimated Possible Payouts
Under Non-Equity Incentive Plan Awards
Threshold Target Maximum
Name Grant Date ($)(1) ($)(2) ($)(3) (4)(#) ($)(5)
Robert S. Keane . . . . . . . . . . . . . . 9/27/2013(6) — 1,028,251 2,056,502 — —
Katryn S. Blake . . . . . . . . . . . . . . . 9/27/2013 — 335,000 670,000 — —
5/14/2014 23,532 937,986
Donald R. Nelson . . . . . . . . . . . . . 9/27/2013 — 220,000 440,000 — —
5/14/2014 17,561 699,981
Ernst J. Teunissen . . . . . . . . . . . . . 9/27/2013(6) — 360,432 720,864 — —
5/14/2014 17,561 699,981
Hauke K.U. Hansen (7) . . . . . . . . . 9/27/2013(6) — 111,651 223,302 — —
5/14/2014 9,407 374,963
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