CIMPRESS plc — Director's Dealing 2020

Aug 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIMPRESS plc (CMPR)
CIK: 0001262976
Period of Report: 2020-08-15

Reporting Person: Keane Robert S (Director, CEO, Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-15	Performance Share Units	$112.72	A	14322	Acquired	2030-08-15	Ordinary Shares (14322.0)	Direct
2020-08-15	Performance Share Unit	$112.72	A	887	Acquired	2030-08-15	Ordinary Shares (887.0)	Direct

Footnotes

F1: This dollar amount is the three-year moving average of Cimpress' share price (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 PSUs vest on each of September 30, 2020, December 31, 2020, March 31, 2021, and June 30, 2021 so long as the reporting person continues to be an eligible participant under Cimpress' 2016 Performance 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.