Florian Baumgartner - Feb 1, 2023 Form 3 Insider Report for CIMPRESS plc (CMPR)

Role: EVP and CEO, Vista
Signature: /s/Kathryn L. Leach, as attorney-in-fact for Florian Baumgartner
Stock symbol: CMPR
Transactions as of: Feb 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 2/7/2023, 03:25 PM
Next filing: Feb 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CMPR	Ordinary Shares						10.3K	Feb 1, 2023	Direct

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
holding	CMPR	Share Option (right to buy)							Feb 1, 2023	Ordinary Shares	54.6K	$46.20	Direct	F1
holding	CMPR	Restricted Share Units (right to acquire)							Feb 1, 2023	Ordinary Shares	2.66K	$0.00	Direct	F2, F3
holding	CMPR	Restricted Share Units (right to acquire)							Feb 1, 2023	Ordinary Shares	16.5K	$0.00	Direct	F3, F4
holding	CMPR	Restricted Share Units (right to acquire)							Feb 1, 2023	Ordinary Shares	1.67K	$0.00	Direct	F2, F3
holding	CMPR	Restricted Share Units (right to acquire)							Feb 1, 2023	Ordinary Shares	2.8K	$0.00	Direct	F2, F3
holding	CMPR	Restricted Share Units (right to acquire)							Feb 1, 2023	Ordinary Shares	12.7K	$0.00	Direct	F3, F5
holding	CMPR	Restricted Share Units (right to acquire)							Feb 1, 2023	Ordinary Shares	33.1K	$0.00	Direct	F2, F3
holding	CMPR	Restricted Share Units (right to acquire)							Feb 1, 2023	Ordinary Shares	27.1K	$0.00	Direct	F3, F6
holding	CMPR	Restricted Share Units (right to acquire)							Feb 1, 2023	Ordinary Shares	16.4K	$0.00	Direct	F3, F6
holding	CMPR	Performance Share Units							Feb 1, 2023	Ordinary Shares	10.7K	$111.70	Direct	F7, F8
holding	CMPR	Performance Share Units							Feb 1, 2023	Ordinary Shares	11K	$95.46	Direct	F9, F10
holding	CMPR	Performance Share Units							Feb 1, 2023	Ordinary Shares	10.5K	$100.46	Direct	F8, F11

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

Explanation of Responses:

Id	Content
F1	This option vests over a four year period: 25% of the original number of shares subject to the option vest on the Date Exercisable shown on Table II and 6.25% of the shares vest per quarter thereafter.
F2	These RSUs vest over a four year period: 25% of the original number of shares vest on the Date Exercisable in Table II and 25% vest per year thereafter.
F3	Each restricted share unit (RSU) represents Cimpress' commitment to issue one ordinary share.
F4	These RSUs vest over a four year period: 6.25% of the original number of shares vest on the Exercisable Date show in Table II and 6.25% vest per quarter thereafter.
F5	These RSUs vest over a three year period: 33.3% of the original number of shares vest on the Date Exercisable in Table II and 33.3% vest per year thereafter.
F6	These RSUs vest over a four year period: 25% of the original number of shares vest on the Exercisable Date show in Table II and 6.25% vest per quarter thereafter.
F7	Each of these performance share units (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 compound annual growth rate (CAGR) of the three-year moving average of Cimpress' daily share price (3YMA). The service-based vesting condition is that 25% of the original number of PSUs vest on each October 6 of 2020 through 2023 so long as the reporting person continues to be an eligible participant under Cimpress' 2016 Performance Incentive Plan on such vesting date. If the 3YMA CAGR equals or exceeds (i) 9% on any of the fourth through seventh anniversaries of the grant date or (ii) 7% on the eighth anniversary 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.
F8	This dollar amount is the 3YMA on the date of grant, which is the baseline against which the CAGR of the 3YMA will be measured.
F9	Each of these PSUs 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 2021 through 2024 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 (i) 9% on any of the fourth through seventh anniversaries of the grant date or (ii) 7% on the eighth anniversary 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.
F10	This dollar amount is the two-year moving average of Cimpress' daily share price on the date of grant, which is the baseline against which the CAGR of the 3YMA will be measured.
F11	Each of these PSUs 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 (i) 9% on any of the fourth through seventh anniversaries of the grant date or (ii) 7% on the eighth anniversary 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.