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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) | 01/24/2014 | M | 26,583 | (4) | 05/18/2015 | Common Stock | 26,583 | $ 0 | 26,583 | D | ||||
RSU | (3) | 01/24/2014 | M | 8,322 | (5) | (6) | Common Stock | 8,322 | $ 0 | 8,322 | D | ||||
RSU | (3) | 01/24/2014 | M | 8,322 | (7) | (6) | Common Stock | 8,322 | $ 0 | 8,322 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GECHT GUY 6750 DUMBARTON CIRCLE FREMONT, CA 94555 |
X | Chief Executive Officer |
/s/ Guy Gecht | 01/28/2014 | |
**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. (the "Company") 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 the Company's common stock. |
(4) | This is a performance-based award granted on May 18, 2012. One-third of this RSU award vested on August 15, 2013, based on the Company's achievement of the target revenue and non-GAAP operating income for the applicable performance period. One-third of the award vested on January 24, 2014, based on upon the Company's achievement of the target revenue and non-GAAP operating income for the applicable performance period. The remaining one-third of the award will vest if the Company achieves the target revenue and non-GAAP operating income over four consecutive quarters by the end of the second fiscal quarter of 2015. In each case, vesting of the award is subject to the reporting person's continued employment with the Company through the applicable vesting date. |
(5) | This is a performance-based award granted on January 24, 2014. This RSU award will vest on the later of January 24, 2015 or the date on which the Compensation Committee of the Company's Board of Directors calculates, reviews and approves the Company's performance for the year ending December 31, 2014, if the Company achieves the target revenue for the year ending December 31, 2014. Vesting of the award is subject to the reporting person's continued employment with the Company through the vesting date. |
(6) | This award will expire on the later of January 24, 2015 or the date on which the Compensation Committee of the Company's Board of Directors calculates, reviews and approves the Company's performance for the year ending December 31, 2014. |
(7) | This is a performance-based award granted on January 24, 2014. This RSU award will vest on the later of January 24, 2015 or the date on which the Compensation Committee of the Company's Board of Directors calculates, reviews and approves the Company's performance for the year ending December 31, 2014, if the Company achieves the non-GAAP operating income target for the year ending December 31, 2014. Vesting of the award is subject to the reporting person's continued employment with the Company through the vesting date. |