4//SEC Filing
GAVIN JOHN J JR 4
Accession 0001262976-20-000098
CIK 0001262976other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 9:11 AM ET
Size
6.4 KB
Accession
0001262976-20-000098
Insider Transaction Report
Form 4
CIMPRESS plcCMPR
GAVIN JOHN J JR
Director
Transactions
- Award
Performance Share Units
2020-11-15+1,123→ 1,123 totalExercise: $111.23Exp: 2030-11-15→ Ordinary Shares (1,123 underlying)
Footnotes (2)
- [F1]Each of these performance share units (PSU) represents a right to receive between 0 and 2.5 Cimpress ordinary shares upon the satisfaction of both (A) service-based vesting and (B) performance conditions relating to the compound annual growth rate (CAGR) of the three-year moving average daily price per share of Cimpress' ordinary shares (3YMA). The service-based vesting condition is that 25% of the original number of PSUs vest on each November 24 of 2021 through 2024 so long as the reporting person continues to be an eligible participant under Cimpress' 2016 Performance Incentive Plan on such vesting date. If the 3YMA CAGR equals or exceeds 11% on any of the sixth through tenth anniversaries of the grant date, then the reporting person is entitled to receive a distribution of up to 2.5 Cimpress ordinary shares for each vested PSU on a sliding scale based on the actual CAGR performance.
- [F2]This dollar amount is the 3YMA on the date of grant, which is the baseline against which the CAGR of the 3YMA will be measured.
Documents
Issuer
CIMPRESS plc
CIK 0001262976
Entity typeother
Related Parties
1- filerCIK 0001191030
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 9:11 AM ET
- Size
- 6.4 KB