Vistaprint 2015 Annual Report Download - page 152
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40
(5) Mr. Keane may not exercise his premium-priced options unless our share price on Nasdaq is at least $75.00 on the
exercise date.
(6) These awards are premium-priced share options with an exercise price that is significantly higher than the closing price
of Cimpress' ordinary shares on Nasdaq on the grant dates. The Compensation Committee chose this exercise price in
part because it is higher than the highest of the three-, six-, and twelve-month trailing averages of Cimpress' share price
on Nasdaq as of the July 28, 2011 public announcement of our growth strategy. The premium-priced share options vest
over seven years and have an eight-year term.
(7) Mr. Teunissen resigned as an executive officer in October 2015.
Option Exercises and Shares Vested in the Fiscal Year Ended June 30, 2015
The following table contains information about option exercises and vesting of restricted share units on an
aggregated basis during fiscal 2015 for each of our named executive officers.
Option Awards Share Awards
Name
Number of Shares
Acquired on
Exercise
(#)
Value Realized
on Exercise
($)(1)
Number of Shares
Acquired on
Vesting
(#)
Value Realized
on Vesting
($)(2)
Robert S. Keane ................................................................ 700,000 48,797,000 10,552 744,839
Katryn S. Blake .................................................................. 82,152 1,960,283 26,382 1,880,532
Donald R. Nelson .............................................................. 18,000 603,229 17,579 1,259,980
Ernst J. Teunissen(3) ......................................................... 110,056 3,582,681 21,350 1,547,915
_____________
(1) Represents the net amount realized from all option exercises during fiscal 2015. 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 ordinary shares on Nasdaq 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 ordinary shares on Nasdaq on the vesting date.
(3) Mr. Teunissen resigned as an executive officer in October 2015.