SEC Form 4 · accession 0001209191-16-147535
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
Oct 27, 2016
Accepted (ET)
Oct 31, 2016 · 5:50 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 | Oct 27, 2016 | M | 50,000 | $22.59 | A | 240,661 | D | |
| Registered Shares | Oct 27, 2016 | M | 112,500 | $7.83 | A | 353,161 | D | |
| Registered SharesF1 | Oct 27, 2016 | S | 162,500 | $24.24 | D | 190,661 | 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 | $22.59 | Oct 27, 2016 | M | 50,000 | D | — | Oct 2, 2018 | Registered Shares | 50,000 | 0 | D |
| Stock Option (right to buy)F3 | $7.83 | Oct 27, 2016 | M | 112,500 | D | — | Jan 4, 2023 | Registered Shares | 112,500 | 0 | D |
Explanation of responses
- F1Reflects weighted average sale price. Actual sale prices ranged from $24.08 to $24.47. 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 purchased or sold at each separate price.
- F2The option became fully vested and exercisable on October 1, 2012.
- F3The option became fully vested and exercisable on May 10, 2016 when the average closing price per share of the Company's shares on the NASDAQ Stock Market over a consecutive 90-calendar day period met or exceeded 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.