Robert S. Keane - Aug 15, 2021 Form 4 Insider Report for CIMPRESS plc (CMPR)

Role: CEO, Chairman, Director
Signature: /s/Kathryn L. Leach, as attorney-in fact-for Robert Keane
Stock symbol: CMPR
Transactions as of: Aug 15, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/16/2021, 04:18 PM
Next filing: Aug 26, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CMPR	Performance Share Units	Award	$0	+63.5K		$0.00	63.5K	Aug 15, 2021	Ordinary Shares	63.5K	$100.46	Direct	F1, F2
transaction	CMPR	Performance Share Units	Award	$0	+8.71K		$0.00	8.71K	Aug 15, 2021	Ordinary Shares	8.71K	$100.46	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This dollar amount is the three-year moving average (3YMA) on the date of grant, which is the baseline against which the compound annual growth rate (CAGR) of the 3YMA will be measured.
F2	Each Performance Share Unit (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 CAGR of the 3YMA. The service-based vesting condition is that 25% of the original number of PSUs vest on each June 30 of 2022 through 2025 so long as the reporting person continues to be an eligible participant under Cimpress' 2020 Equity 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.
F3	Each 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 CAGR of the 3YMA. The service-based vesting condition is that 25% of the PSUs vest on each of September 30, 2021, December 31, 2021, March 31, 2022, and June 30, 2022 so long as the reporting person continues to be an eligible participant under Cimpress' 2020 Equity Incentive Plan on the 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.