SEC Form 4 · accession 0001209191-16-136206
LOGITECH INTERNATIONAL S.A. · LOGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marcel Stolk
Officer — SVP, CCP Business Group
Period of report
Aug 5, 2016
Accepted (ET)
Aug 9, 2016 · 6:49 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 | Aug 5, 2016 | M | 225,000 | $7.43 | A | 478,002 | D | |
| Registered SharesF2 | Aug 5, 2016 | S | 225,000 | $20.36 | D | 253,002 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock Options (right to buy)F3,F4 | $7.83 | Aug 5, 2016 | M | 225,000 | D | — | Jan 4, 2023 | Registered Shares | 225,000 | 0 | D |
Explanation of responses
- F1The reported amount represents the purchase price on the SIX Swiss Exchange of CHF 7.25, as converted into U.S. dollars at the exchange rate of 1 CHF to U.S. $1.02426, as in effect on August 5, 2016.
- F2The reported amount represents the weighted average sales price on the SIX Swiss Exchange of CHF 19.88, as converted into U.S. dollars at the exchange rate of 1 CHF to U.S. $1.02426, as in effect on August 5, 2016. Actual sales prices ranged from CHF 19.80 to CHF 19.95, or U.S. $20.28 to U.S. $20.43. The reporting person undertakes to provide to Logitech, any security holder of Logitech, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- F3The reported amount represents the exercise price on the SIX Swiss Exchange of CHF 7.25, as converted into U.S. dollars at the CHF exchange rate as in effect on the date of grant.
- F4The option vested and became 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 met or exceeded the following performance criteria 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.