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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) | 02/24/2014 | M | 14,084 | (4) | 02/24/2014 | Common Stock | 14,084 | $ 0 | 0 | D | ||||
RSU | (3) | 02/24/2014 | M | 14,084 | (5) | 02/24/2014 | Common Stock | 14,084 | $ 0 | 0 | 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 | 02/26/2014 | |
**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 Company 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 in execution of the EFI 2013 Section 16 Officer - Executive Performance Bonus Program on February 22, 2013. The vesting of this restricted stock unit award was determined based on the Company's 2013 revenue target achievement, subject to achieving a minimum threshold for 2013 non-GAAP operating income (the "Minimum Threshold"). This award was scheduled to vest in full upon the review of the Company's performance by the Compensation Committee of the Company's Board of Directors and confirmation that the applicable performance requirements were satisfied (the "Determination Date"), on the later of (1) the first anniversary of the grant date or (2) the Determination Date, subject to the reporting person's continued employment with the Company through the vesting date. |
(5) | This is a performance-based award granted in execution of the EFI 2013 Section 16 Officer - Executive Performance Bonus Program on February 22, 2013. The vesting of this restricted stock unit award was determined based on the Company's 2013 non-GAAP operating income target achievement, subject also to the Company achieving the Minimum Threshold. This award was scheduled to vest in full upon the review of the Company's performance by the Compensation Committee of the Company's Board of Directors and confirmation that the applicable performance requirements were satisfied, on the later of (1) the first anniversary of the grant date or (2) the Determination Date, subject to the reporting person's continued employment with the Company through the vesting date. |