SEC Form 4 · accession 0001209191-16-121039
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
May 15, 2016
Accepted (ET)
May 17, 2016 · 7:10 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 SharesF1 | May 15, 2016 | A | 4,477 | $0.00 | A | 192,998 | D | |
| Registered Shares | May 15, 2016 | F | 2,337 | $14.69 | D | 190,661 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were acquired pursuant to the vesting of performance share units (PSUs) granted on April 15, 2015. The number of PSUs that vested on May 15, 2016 was based on (i) the achievement of a performance-based vesting condition based on Logitech's Non-GAAP Operating Margin over the four-consecutive-fiscal-quarter period ended March 31, 2016, as determined by the Compensation Committee of Logitech, and (ii) the satisfaction of the first of the time-based vesting conditions that occur in three equal annual installments.
- F2In an exempt disposition to the issuer under rule 16b-3(e), the recipient remitted shares to the issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares with respect to performance share units that vested on May 15, 2016.