Form 4 for CMPR CIMPRESS plc
Accepted 2021-08-16 00:00:00 ET · period of report 2021-08-15 · accession 0001262976-21-000044 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-16 | 2021-08-15 | CMPR | Quinn Sean Edward | EVP, CFO | M - OptEx | $0.00 | +1,490 | 4,308 | +53% | $0 |
| D | 2021-08-16 | 2021-08-15 | CMPR | Quinn Sean Edward | EVP, CFO | F - Tax | $93.59 | -438 | 3,870 | -10% | -$41.0K |
| D | 2021-08-16 | 2021-08-15 | CMPR | Quinn Sean Edward | EVP, CFO | M - OptEx | $0.00 | -1,490 | 4,468 | -25% | $0 |
| DM | 2021-08-16 | 2021-08-15 | CMPR | Quinn Sean Edward | EVP, CFO | A - Grant | $0.00 | +30.6K | 19.4K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2021-08-15 | M | A | 1,490 | $0.00 | 4,308 | D | — | — | (F1) The shares acquired represent the number of shares that automatically vested pursuant to a grant of restricted share units (RSUs). Each RSU represents Cimpress' commitment to issue one ordinary share. |
| 2 | Common | Ordinary Shares | 2021-08-15 | F | D | 438 | $93.59 | 3,870 | D | — | — | |
| 3 | Derivative | Restricted Share Unit (right to acquire) | 2021-08-15 | M | D | 1,490 | $0.00 | 4,468 | D | $0.00 · 2021-08-15 to 2024-08-15 | 1,490 Ordinary Shares | (F5) 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. |
| 4 | Derivative | Restricted Share Units (right to acquire) | 2021-08-15 | A | A | 11,219 | $0.00 | 11,219 | D | $0.00 · 2022-08-15 to 2025-08-15 | 11,219 Ordinary Shares | (F4) Each RSU represents Cimpress' commitment to issue one ordinary share. (F5) 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. |
| 5 | Derivative | Performance Share Units | 2021-08-15 | A | A | 19,410 | $0.00 | 19,410 | D | $100.46 · — to 2029-08-15 | 19,410 Ordinary Shares | (F3) 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 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. (F2) 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. |