Robert S. Keane - Nov 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
Nov 15, 2021
Transactions value $
$0
Form type
4
Date filed
11/17/2021, 09:03 AM
Previous filing
Aug 26, 2021
Next filing
Feb 28, 2022

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 +1.29K $0.00 1.29K Nov 15, 2021 Ordinary Shares 1.29K $96.94 Direct F1, F2
transaction CMPR Performance Share Units Award $0 +1.03K $0.00 1.03K Nov 15, 2021 Ordinary Shares 1.03K $96.94 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 of the daily closing share price of Cimpress' ordinary shares (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 November 29 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 50% of the PSUs vest on December 31, 2021 and 25% of the PSUs vest on each of 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.