Vistaprint 2014 Annual Report Download - page 141

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37
(1) The amounts reported in this column represent the amounts that would have been payable under our named executive
officers’ annual cash incentive awards if we did not meet our minimum constant currency revenue and EPS targets.
(2) These amounts represent target annual cash incentives for our fiscal year ended June 30, 2014, which were based
70% on our achievement of constant currency revenue targets and 30% on our achievement of EPS targets for fiscal
2014. These amounts represent payments that our named executive officers are eligible to receive under their fiscal
2014 annual cash incentive awards for 100% achievement of our targets for fiscal 2014. You can find more information
on the amounts actually paid to our executive officers under their fiscal 2014 annual cash incentive awards above in
the Compensation Discussion and Analysis section of this proxy statement.
(3) These amounts represent the maximum amounts that would have been payable under our named executive officers’
annual cash incentive awards for our fiscal year ended June 30, 2014. The payout under our annual cash incentives is
capped at 200% of each executive officer’s target amount. In fact, based on our achievement of our targets for fiscal
2014, 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 2014 annual cash incentive awards above in the
Compensation Discussion and Analysis section of this proxy statement.
(4) The amounts reported in this column represent restricted share units granted under our 2011 Equity Incentive Plan that
vest over a period of four years: 25% one year after they are granted 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.
(5) The amounts reported in this column represent the grant date fair value for each executive officer’s share-based
awards computed in accordance with FASB ASC Topic 718. You can find the assumptions we used in the calculations
for these amounts in Note 12 to our audited financial statements included in our Annual Report on Form 10-K for the
fiscal year ended June 30, 2014.
(6) The estimated amounts in this row would be payable to Messrs. Keane and Teunissen in Euros and to Dr. Hansen in
Swiss Francs. For purposes of this table, we converted these estimated incentive payments from Euros to U.S. dollars
at a currency exchange rate of 1.36012 and from Swiss Francs to U.S. dollars at a currency exchange rate of 1.11651,
in each case based on the 30-day average currency exchange rate for June 1-30, 2014, which was the end of our most
recent fiscal year.
(7) Dr. Hansen is no longer an executive officer effective in June 2014.
Proxy Statement