CIMPRESS plc — Director's Dealing 2012

May 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VISTAPRINT N.V. (VPRT)
CIK: 0001262976
Period of Report: 2012-05-04

Reporting Person: BLAKE KATRYN (President, Vistaprint N.A., Member of Management Board)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-04	Share Option (right to buy)	$50.00	A	148755	Acquired	2020-05-04	Ordinary Shares (148755)	Direct
2012-05-04	Restricted Share Units (right to acquire)	$0.00	A	31100	Acquired	2016-05-04	Ordinary Shares (31100)	Direct

Footnotes

F1: The option exercise price per share is $50.00, which is approximately 33% higher than the closing price of Vistaprint's ordinary shares on the NASDAQ Global Select Market on the date of grant ($37.70).

F2: The value of this share option is intended to equal approximately the total value of all traditional share options that Vistaprint would have granted to the reporting person over a four-year period in the absence of this share option grant. As a result, Vistaprint's Supervisory Board has adopted a resolution stating that Vistaprint shall not grant any additional share options to the reporting person until 2016.

F3: The share option vests over a seven-year period from the date of grant, as follows: 6.25% of the original number of ordinary shares subject to the share option vests on the first anniversary of the date of grant. The remaining ordinary shares vest on a quarterly basis over the subsequent six years in tranches ranging from 1.56% to 10.94% of the original number of ordinary shares subject to the option.

F4: Each restricted share unit represents Vistaprint's commitment to issue one ordinary share.

F5: These restricted share units vest over a four year period: 25% of the original number of shares vest one year after the date of grant and 6.25% vest per quarter thereafter.