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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit (RSU) | (3) | 02/07/2013 | M | 31,000 | (4)(5) | (4)(5) | Common Stock | 31,000 | $ 0 | 31,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Pilette Vincent 303 VELOCITY WAY FOSTER CITY, CA 94404 |
Chief Financial Officer |
/s/ Vincent Pilette | 02/08/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Upon vesting, each restricted stock unit was converted into one share of Electronics For Imaging, Inc. common stock. |
(2) | Represents shares of common stock withheld by the issuer for tax purposes upon vesting of the restricted stock units. This transaction is exempt under Rule 16b-3(e). |
(3) | Each restricted stock unit represents a contingent right to receive one share of Electronics For Imaging, Inc. common stock. |
(4) | This is a performance-based award granted on January 5, 2011. The vesting of these RSUs is determined by reference to a stock price of $14.12, which represents the average of the per-share closing price of the company's common stock over a period of 20 consecutive trading days preceding the date of the approval by the compensation committee (the "Determination Price", according to the following schedule: 28,000 units will vest on the date the average of the per-share closing price of the company's common stock for 20 consecutive trading days (the "Average Closing Price") equals or exceeds 125% of the Determination Price or $17.65; 31,000 units will vest on the date the Average Closing Price equals or exceeds 150% of the Determination Price or $21.17; 31,000 units will vest on the date the Average Closing Price equals or exceeds 175% of the Determination Price or $24.70. [continued on footnote 5] |
(5) | Vesting of the units is subject to Mr. Pilette's continued employment with the company through the vesting date. The first tranche of 28,000 units vested on May 10, 2011; the second tranche of 31,000 units vested on February 7, 2013. |