SEC Form 4 · accession 0001209191-15-036252
LOGITECH INTERNATIONAL S.A. · LOGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Joseph Sullivan
Officer — Sr. VP, Worldwide Operations
Period of report
Apr 24, 2015
Accepted (ET)
Apr 24, 2015 · 9:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001032975
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Registered Shares | Apr 24, 2015 | M | 25,000 | $13.48 | A | 159,896 | D | |
| Registered Shares | Apr 24, 2015 | M | 48,750 | $14.02 | A | 208,646 | D | |
| Registered Shares | Apr 24, 2015 | M | 112,500 | $7.83 | A | 321,146 | D | |
| Registered SharesF1 | Apr 24, 2015 | S | 186,250 | $15.0459 | D | 134,896 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $13.48 | Apr 24, 2015 | M | 25,000 | D | — | Dec 12, 2018 | Registered Shares | 25,000 | 0 | D |
| Stock Option (right to buy)F3 | $14.02 | Apr 24, 2015 | M | 48,750 | D | — | Jun 29, 2019 | Registered Shares | 48,750 | 0 | D |
| StockOption (right to buy)F4 | $7.83 | Apr 24, 2015 | M | 112,500 | D | — | Jan 4, 2023 | Registered Shares | 112,500 | 112,500 | D |
Explanation of responses
- F1Reflects weighted average sale price. Actual sale prices ranged from $14.98 to $15.20. Filer undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2The option is exercisable in four equal annual installments. The first two installments became exercisable on December 12, 2009 and December 12, 2010, and the next two installments became exercisable on December 12, 2011 and December 12, 2012.
- F3The option is exercisable in four equal annual installments. The first installment became exercisable on June 29, 2010, and the next three installments became exercisable on June 29, 2011, June 29, 2012 and June 29, 2013.
- F4The option vests and becomes exercisable on January 4, 2015 or later if and only when the average closing price per share of the Company's shares on the NASDAQ Stock Market over a consecutive 90 day period meets or exceeds the following performance criteria at any point during the first four years after the date of grant: 25% vest at $11.75, 25% vest at $13.70, and 50% vest at $15.66.