CIMPRESS plc — Director's Dealing 2021

Aug 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIMPRESS plc (CMPR)
CIK: 0001262976
Period of Report: 2021-08-15

Reporting Person: Quinn Sean Edward (EVP, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-15	Ordinary Shares	M	1490	—	Acquired	4308	Direct
2021-08-15	Ordinary Shares	F	438	$93.59	Disposed	3870	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-15	Performance Share Units	$100.46	A	19410	Acquired	2029-08-15	Ordinary Shares (19410.0)	Direct
2021-08-15	Restricted Share Units (right to acquire)	$0.0	A	11219	Acquired	2025-08-15	Ordinary Shares (11219.0)	Direct
2021-08-15	Restricted Share Unit (right to acquire)	$0.0	M	1490	Disposed	2024-08-15	Ordinary Shares (1490.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary Shares	5507	Indirect

Footnotes

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.

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.

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.

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.