Sec Form 4 Filing - GECHT GUY @ ELECTRONICS FOR IMAGING INC - 2016-08-23

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
GECHT GUY
2. Issuer Name and Ticker or Trading Symbol
ELECTRONICS FOR IMAGING INC [ EFII]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
6750 DUMBARTON CIRCLE
3. Date of Earliest Transaction (MM/DD/YY)
08/23/2016
(Street)
FREMONT, CA94555
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/23/2016 M( 1 ) 20,785 A $ 10.77 ( 2 ) 448,213 D
Common Stock 08/23/2016 M( 1 ) 3,885 A $ 10.77 ( 3 ) ( 4 ) 452,098 D
Common Stock 08/23/2016 S 24,670 D $ 45.46 ( 5 ) 427,428 D
Common Stock 08/24/2016 M( 1 ) 11,353 A $ 10.77 ( 2 ) 438,781 D
Common Stock 08/24/2016 S 11,353 D $ 45.26 ( 6 ) 427,428 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option Right to Buy $ 10.77 08/23/2016 M 20,875 ( 2 ) 08/28/2016 Common Stock 20,785 $ 0 11,353 D
Option Right to Buy $ 10.77 08/23/2016 M 3,885 ( 3 )( 4 ) 08/28/2016 Common Stock 3,885 $ 0 0 D
Option Right to Buy $ 10.77 08/24/2016 M 11,353 ( 2 ) 08/28/2016 Common Stock 11,353 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GECHT GUY
6750 DUMBARTON CIRCLE
FREMONT, CA94555
X Chief Executive Officer
Signatures
/s/ Guy Gecht 08/25/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These stock options were scheduled to expire on August 28, 2016. The exercise of these stock options and the sale of the shares were effected pursuant to a Rule 10b5-1 plan entered into by the reporting person on November 27, 2015.
( 2 )This stock option award was granted on August 28, 2009, and vested and became exercisable with respect to 25% of the award on the first anniversary of the date of grant and thereafter with respect to an additional 2.5% of the award each month, with full vesting in 42 months.
( 3 )This is a performance-based award granted on August 28, 2009. The vesting of these options was subject to the issuer's annual return on equity percentage, on a non-GAAP basis, (the "Annual ROE Percentage"), as compared with the issuer's annual return on equity percentage for its 2008 fiscal year (the "2008 ROE Percentage") according to the following schedule: 20% of these options would vest when the Annual ROE Percentage was equal to or greater than two percentage points more than the 2008 ROE Percentage; 20% of these options would vest when the Annual ROE Percentage is equal to or greater than four percentage points more than the 2008 ROE Percentage; 20% of these options would vest when the Annual ROE Percentage is equal to or greater than six percentage points more than the 2008 ROE Percentage;
( 4 )(Continued from Footnote 3) 20% of these options would vest when the Annual ROE Percentage is equal to or greater than eight percentage points more than the 2008 ROE Percentage; and 20% of these options will vest when the Annual ROE Percentage is equal to or greater than ten percentage points more than the 2008 ROE Percentage. 3,885 of these stock options vested and became exercisable on February 10, 2016.
( 5 )This transaction was executed in multiple trades ranging from $45.08 to $45.67. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
( 6 )This transaction was executed in multiple trades ranging from $45.00 to $45.56. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

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