SEC Form 4 · accession 0001209191-15-046727
LogMeIn, Inc. · LOGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven J. Benson
Director
Period of report
May 21, 2015
Accepted (ET)
May 26, 2015 · 4:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001420302
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 22, 2015 | M | 4,750 | — | A | 4,750 | D | |
| Common StockF2,F3 | May 26, 2015 | S | 4,750 | $63.9699 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F1,F5 | — | May 21, 2015 | A | 3,276 | A | — | May 21, 2025 | Common Stock | 3,276 | 3,276 | D |
| Restricted Stock UnitsF4,F7,F1,F6 | — | May 22, 2015 | M | 4,750 | D | — | — | Common Stock | 4,750 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2Sales made pursuant to a 10(b)5-1 plan adopted by the Reporting Person in accordance with Rule 10(b)5-1 of the Securities Exchange Act of 1934, as amended.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.71 to $64.2194, inclusive. Upon the request of any security holder of the Issuer, or the staff of the Securities and Exchange Commission, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4 shall be provided.
- F4The Reporting Person was awarded these restricted stock units as compensation for services rendered as a director.
- F5These restricted stock units shall become fully vested on May 21, 2016, subject to the Registrant's continued service as a director. These restricted stock units also provide for accelerated vesting in the event of an acquisition of the Issuer.
- F6These restricted stock units became fully vested on May 22, 2015, subject to the Registrant's continued service as a director.
- F7The restricted stock units reported as disposed herein were settled for shares of the Issuer's common stock.