Sec Form 4 Filing - OLIN MARC D @ ELECTRONICS FOR IMAGING INC - 2017-02-24

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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
OLIN MARC D
2. Issuer Name and Ticker or Trading Symbol
ELECTRONICS FOR IMAGING INC [ EFII]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
6750 DUMBARTON CIRCLE
3. Date of Earliest Transaction (MM/DD/YY)
02/24/2017
(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 02/26/2017 M 6,010 A 89,131 D
Common Stock 02/27/2017 F( 2 ) 2,014 D $ 47.2 87,117 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
Restricted Stock Unit ( 3 ) 02/24/2017 A 12,592 ( 4 ) ( 4 ) Common Stock 12,592 $ 0 12,592 D
Restricted Stock Unit ( 3 ) 02/26/2017 M 2,288 ( 5 ) ( 6 ) Common Stock 2,288 $ 0 0 D
Restricted Stock Unit ( 3 ) 02/26/2017 M 2,642 ( 7 ) ( 6 ) Common Stock 2,642 $ 0 0 D
Restricted Stock Unit ( 3 ) 02/26/2017 M 1,080 ( 8 ) ( 6 ) Common Stock 1,080 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
OLIN MARC D
6750 DUMBARTON CIRCLE
FREMONT, CA94555
Chief Financial Officer
Signatures
/s/ Marc Olin 02/28/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Upon vesting, each restricted stock unit was converted into one share of the common stock of Electronics For Imaging, Inc. (the "Company").
( 2 )Represents shares of the Company's common stock withheld for tax purposes upon the vesting of the RSUs. This transaction is exempt under Rule 16b-3(e).
( 3 )Each RSU represents a contingent right to receive one share of the Company's common stock.
( 4 )This is a performance-based award granted on February 24, 2017 with a target number of RSUs of 6,296 and a maximum number of RSUs as set forth in the table above. This award will vest, if and to the extent that the Company achieves specified revenue, non-GAAP operating income, and cash from operations goals for the year ending December 31, 2017, on the later of February 24, 2018 or the vesting date as determined by the Compensation Committee (the "Committee") of the Board of Directors of the Company after it calculates, reviews and approves the Company's performance for the year ending December 31, 2017. Vesting of the award is subject to the reporting person's continued employment with the Company through the vesting date.
( 5 )This is a performance-based award granted on February 26, 2016 with a target number of 2,862 RSUs and a maximum number of 5,724 RSUs. On February 9, 2017, the Committee calculated, reviewed and approved the Company's performance for the year ended December 31, 2016, and determined that based on the Company's revenue for such year, approximately 80% of the target number of these RSUs would vest on February 26, 2017. The remainder of the award did not vest and was cancelled as of that date. Vesting of the award was subject to the reporting person's continued employment with the Company through the vesting date.
( 6 )This award was scheduled to expire on the later of February 26, 2017 or the vesting date as determined by the Committee after it calculates, reviews and approves the Company's performance for the year ending December 31, 2016.
( 7 )This is a performance-based award granted on February 26, 2016 with a target number of 2,862 RSUs and a maximum number of 5,724 RSUs. On February 9, 2017, the Committee calculated, reviewed and approved the Company's performance for the year ended December 31, 2016, and determined that based on the Company's non-GAAP operating income for such year, approximately 92% of the target number of these RSUs would vest on February 26, 2017. The remainder of the award did not vest and was cancelled as of that date. Vesting of the award was subject to the reporting person's continued employment with the Company through the vesting date.
( 8 )This is a performance-based award granted on February 26, 2016 with a target number of 3,242 RSUs. On February 9, 2017, the Committee calculated, reviewed and approved the Company's performance for the year ended December 31, 2016, and determined that based on the Company's cash from operations targets for such year, 100% of these RSUs would vest on February 26, 2017. Vesting of the award was subject to the reporting person's continued employment with the Company through the vesting date.

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