4//SEC Filing
Arends Cornelis David 4
Accession 0001262976-18-000031
CIK 0001262976other
Filed
May 15, 8:00 PM ET
Accepted
May 16, 2:24 PM ET
Size
6.9 KB
Accession
0001262976-18-000031
Insider Transaction Report
Form 4
CIMPRESS N.V.CMPR
Arends Cornelius David
EVP, Pres Upload & Print Bus.
Transactions
- Award
Performance Share Units
2018-05-15+6,197→ 6,197 totalExercise: $83.10Exp: 2027-08-15→ Ordinary Shares (6,197 underlying)
Footnotes (3)
- [F1]Each of these supplemental performance share units (PSUs) represents a right to receive between 0 and 2.5 Cimpress ordinary shares upon the satisfaction of the conditions described in footnote 3.
- [F2]This dollar amount is the three-year moving average daily price per share of Cimpress' ordinary shares ("3YMA") on August 15, 2017, which is the baseline against which the compound annual growth rate ("CAGR") of the 3YMA will be measured.
- [F3]The conditions to be satisfied are (A) a service-based vesting condition that 50% of the original number of PSUs vests on June 30, 2018 and 25% vests on each June 30 of 2019 and 2020 so long as Mr. Arends continues to be an eligible participant under Cimpress' 2016 Performance Incentive Plan on such vesting date; (B) a performance condition relating to Cimpress' cumulative consolidated unlevered free cash flow over the period from July 1, 2017 to June 30, 2020, where if such performance condition is not met, the PSU award expires in its entirety promptly after June 30, 2020; and (C) performance conditions relating to the CAGR of the 3YMA, where if the 3YMA CAGR equals or exceeds (i) 11% on any August 15 of 2023 through 2026 or (ii) 7% on August 15, 2027, then the reporting person is entitled to receive up to 2.5 Cimpress ordinary shares for each vested PSU on a sliding scale based on the actual CAGR performance.
Documents
Issuer
CIMPRESS N.V.
CIK 0001262976
Entity typeother
Related Parties
1- filerCIK 0001685095
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 2:24 PM ET
- Size
- 6.9 KB