Vistaprint 2015 Annual Report Download - page 151

Download and view the complete annual report

Please find page 151 of the 2015 Vistaprint annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 160

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

39
(6) The estimated amounts in this row would be payable to Messrs. Keane and Teunissen in Euros. For purposes of this
table, we converted these estimated incentive payments from Euros to U.S. dollars at a currency exchange rate of
1.12167 based on the 30-day average currency exchange rate for June 1-30, 2015, which was the end of our most
recent fiscal year.
(7) Mr. Teunissen resigned as an executive officer in October 2015.
Outstanding Equity Awards at June 30, 2015
The following table contains information about unexercised share options and unvested restricted share units as
of June 30, 2015 for each of our named executive officers.
Option Awards Share Awards
Number Market
of Shares Value of
Number of or Share Shares or
Securities Units Share
Underlying Option That Units That
Unexercised Exercise Option
Have Not Have Not
Options Price Expiration
Vested Vested
Name (#) Exercisable (#) Unexercisable ($)(1) Date (#)(2) ($)(3)
Robert S. Keane(4) .............................. 130,050 23.31 8/4/2016
143,618 37.51 5/15/2017
333,318 34.87 5/2/2018
146,028 34.25 5/7/2019
96,800 47.91 5/6/2020
105,240 54.02 5/5/2021
459,174 765,288(5) 50.00(6) 5/4/2020(6)
Katryn S. Blake .................................... 1,039 54.02 5/5/2021
27,892 92,972 50.00(6) 5/4/2020(6)
50,691 4,266,155
Donald R. Nelson ................................ 11,333 33.47 8/6/2017
6,646 54.02 5/5/2021
72,446 120,743 50.00(6) 5/4/2020(6)
34,722 2,922,204
Ernst J. Teunissen(7) ........................... 1,218 48.89 3/1/2021
1,039 54.02 5/5/2021
140,865 50.00(6) 5/4/2020(6)
36,640 3,083,622
_____________
(1) Except as set forth in footnote 6 below, each share option has an exercise price equal to the fair market value of our
ordinary shares on the date of grant and becomes exercisable, so long as the named executive officer continues to be
employed with us, as to 25% of the shares subject to the option after one year and 6.25% per quarter thereafter. Except
as set forth in footnote 6, each share option expires 10 years after the date on which it was granted.
(2) So long as the named executive officer continues to be employed with us, each restricted share unit vests, and the
vested shares are issued to the named executive officer, over a period of four years: 25% of the shares subject to the unit
after one year and 6.25% per quarter thereafter.
(3) The market value of the restricted share units is determined by multiplying the number of restricted share units by $84.16
per share, which was the closing price of our ordinary shares on Nasdaq on June 30, 2015, the last trading day of our
fiscal year 2015.
(4) All of Mr. Keane’s awards are held by his Trusts.
Proxy Statement