SEC Form 4 · accession 0001209191-17-060797
CIMPRESS plc · CMPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald LeBlanc
Officer — EVP, President Corp Solutions
Period of report
Nov 13, 2017
Accepted (ET)
Nov 15, 2017 · 10:56 am EST
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 | Nov 13, 2017 | M | 2,000 | $50.00 | A | 23,984 | D | |
| Ordinary Shares | Nov 13, 2017 | S | 2,000 | $119.00 | D | 21,984 | 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)F1,F2 | $50.00 | Nov 13, 2017 | M | 2,000 | D | May 4, 2013 | May 4, 2020 | Ordinary Shares | 2,000 | 5,235 | D |
Explanation of responses
- F1The 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).
- F2The 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.