SEC Form 4 · accession 0001209191-18-025253
LOGITECH INTERNATIONAL S.A. · LOGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bracken Darrell
Officer — President & CEO · Director
Period of report
Apr 15, 2018
Accepted (ET)
Apr 17, 2018 · 7:55 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,F2 | Apr 15, 2018 | A | 59,396 | $0.00 | A | 843,516 | D | |
| Registered SharesF3 | Apr 15, 2018 | A | 167,863 | $0.00 | A | 1,011,379 | D | |
| Registered SharesF4 | Apr 15, 2018 | A | 37,303 | $0.00 | A | 1,048,682 | D | |
| Registered SharesF5 | Apr 15, 2018 | A | 28,049 | $0.00 | A | 1,076,731 | D | |
| Registered Shares | Apr 15, 2018 | F | 168,682 | $37.04 | D | 908,049 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit (RSU) represents the right to receive, following vesting, one Logitech share. The RSUs vest and convert into shares in four equal annual installments. The first installment vests on April 15, 2019, and the next three vest on April 15, 2020, April 15, 2021 and April 15, 2022.
- F2Includes shares acquired under Issuer's Employee Share Purchase Plan of 693 shares on January 31, 2018.
- F3These shares were acquired pursuant to the vesting of performance share units (PSUs). The number of PSUs that vested was determined based on Logitech's total shareholder return (TSR) relative to the other companies in the NASDAQ 100 over a three-year period from April 1, 2015 through March 31, 2018.
- F4These shares were acquired pursuant to the vesting of performance share units (PSUs) granted on April 15, 2015. The number of PSUs that vested on April 15, 2018 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 third of the time-based vesting conditions that occur in three equal annual installments.
- F5These shares were acquired pursuant to the vesting of performance share units (PSUs) granted on April 15, 2016. The number of PSUs that vested on April 15, 2018 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, 2017, as determined by the Compensation Committee of Logitech, and (ii) the satisfaction of the second of the time-based vesting conditions that occur in three equal annual installments.
- F6In 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 and previously reported restricted stock units.