SEC Form 4 · accession 0000867374-18-000026
ELECTRONICS FOR IMAGING INC · EFII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William D Muir Jr.
Officer — CHIEF EXECUTIVE OFFICER · Director
Period of report
Nov 8, 2018
Accepted (ET)
Nov 9, 2018 · 6:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000867374
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F1,F2 | — | Nov 8, 2018 | A | 47,288 | A | — | — | Common Stock | 47,288 | 47,288 | D |
| Restricted Stock Unit (RSU)F1,F3 | — | Nov 8, 2018 | A | 47,288 | A | — | — | Common Stock | 47,288 | 47,288 | D |
| Restricted Stock Unit (RSU)F1,F4 | — | Nov 8, 2018 | A | 25,220 | A | — | — | Common Stock | 25,220 | 25,220 | D |
| Restricted Stock Unit (RSU)F1,F5 | — | Nov 8, 2018 | A | 37,831 | A | — | — | Common Stock | 37,831 | 37,831 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the common stock of Electronics For Imaging, Inc. (the "Company").
- F2The award is scheduled to vest, if, within three years of the grant date, the average per-share closing price of the Company's common stock for 60 consecutive trading days is equal to or greater than certain targets, as follows: one-third will vest if the average per-share closing price is equal to or greater than $38.00, one-third will vest if the average per-share closing price is equal to or greater than $42.50, and one-third will vest if the average per-share closing price is equal to or greater than $47.00, in each case subject to the reporting person's continued employment with the Company through the applicable vesting dates and provided that no portion of this award will vest before the one-year anniversary of the grant date.
- F3A tranche of this award is scheduled to vest contingent on the Company's achievement of specified levels of growth in revenue and revenue growth relative to a subset of companies from the Nasdaq composite index for each of the fiscal years ending December 31, 2019, December 31, 2020, and December 31, 2021. A second tranche of this award is scheduled to vest contingent on the Company's achievement of specified levels of growth in earnings per share relative to growth of cash from operations relative to non-GAAP operating income growth, for each of the fiscal years ending December 31, 2019, December 31, 2020, and December 31, 2021. The target number of restricted stock units subject to the award is reported in the table above. Subject to the performance-based vesting requirements and the reporting person's continued employment through the applicable vesting date, the award will vest between 0% and 150% of the target number of units.
- F4This award is scheduled to vest with respect to 100% the award on November 8, 2019, subject to the reporting person's continued employment with the Company through the applicable vesting date and that the reporting person has relocated to the San Francisco Bay Area by October 22, 2019.
- F5This award is scheduled to vest with respect to two-thirds of the award on November 8, 2020, and with respect to one-third of the award on November 8, 2021 subject to the reporting person's continued employment with the Company through the applicable vesting dates.