SEC Form 4 · accession 0001209191-16-124632
CIMPRESS plc · CMPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Katryn Blake
Officer — Pres, Vistaprint Business Unit · Other
Period of report
May 27, 2016
Accepted (ET)
Jun 1, 2016 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001262976
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | May 27, 2016 | M | 1,039 | $54.02 | A | 14,549 | D | |
| Ordinary Shares | May 27, 2016 | M | 16,270 | $50.00 | A | 30,819 | D | |
| Ordinary Shares | May 27, 2016 | S | 17,309 | $100.00 | D | 13,510 | D | |
| Ordinary SharesF2,F3 | May 31, 2016 | M | 1,367 | $0.00 | A | 14,877 | D | |
| Ordinary Shares | May 31, 2016 | F | 644 | $100.01 | D | 14,233 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Option (right to buy)F4 | $54.02 | May 27, 2016 | M | 1,039 | D | May 5, 2012 | May 5, 2021 | Ordinary Shares | 1,039 | 0 | D |
| Share Option (right to buy)F5,F6 | $50.00 | May 27, 2016 | M | 16,270 | D | May 4, 2013 | May 4, 2020 | Ordinary Shares | 16,270 | 104,594 | D |
| Restricted Share Units (right to acquire)F3,F7 | $0.00 | May 31, 2016 | M | 1,367 | D | May 31, 2014 | May 31, 2017 | Ordinary Shares | 1,367 | 5,468 | D |
Explanation of responses
- F1These transactions were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on March 16, 2016.
- F2The shares acquired represent the number of shares that automatically vested pursuant to a grant of Restricted Share Units.
- F3Each RSU represents Cimpress' commitment to issue one ordinary share when the RSU vests.
- F4This share option vests over a four-year period: On the first anniversary of the grant date, 25% of the number of shares originally granted vest, and 6.25% of the original number of shares vest per quarter thereafter.
- F5The option exercise price per share is $50.00, which is approximately 33% higher than the closing price of Cimpress' ordinary shares on the NASDAQ Global Select Market on the date of grant ($37.70).
- F6The share option vests over a seven-year period from the date of grant, as follows: 6.25% of the original number of ordinary shares subject to the share option vests on the date set forth in column 6. The remaining ordinary shares vest on a quarterly basis over the subsequent six years in tranches ranging from 1.56% to 10.94% of the original number of ordinary shares subject to the option.
- F7These RSUs vest over a four year period: 25% of the original number of shares vest on the Exercisable Date shown in Table II and 6.25% vest per quarter thereafter.