SEC Form 4 · accession 0001209191-18-032568
LogMeIn, Inc. · LOGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Raymond Wagner
Officer — President & CEO · Director
Period of report
May 21, 2018
Accepted (ET)
May 23, 2018 · 4:12 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 21, 2018 | M | 926 | — | A | 99,117 | D | |
| Common StockF2 | May 21, 2018 | M | 16,665 | — | A | 115,782 | 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,F3 | — | May 21, 2018 | F | 741 | D | — | — | Common Stock | 741 | 926 | D |
| Restricted Stock UnitsF5,F1,F3 | — | May 21, 2018 | M | 926 | D | — | — | Common Stock | 926 | 0 | D |
| Performance RSUsF4,F2,F6 | — | May 21, 2018 | F | 13,335 | D | — | — | Common Stock | 13,335 | 16,665 | D |
| Performance RSUsF5,F2,F6 | — | May 21, 2018 | M | 16,665 | D | — | — | Common Stock | 16,665 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F3The restricted stock units vested in three equal installments over a three-year period commencing on the first anniversary of the date of grant so that 100% of the restricted stock units vested as of May 21, 2018. These restricted stock units also provided for accelerated vesting in the event that the Reporting Person's employment was terminated in connection with an acquisition of the Issuer.
- F4The shares of common stock underlying the restricted stock units reported as disposed herein were retained (but not issued) by the Issuer in satisfaction of tax withholding obligations associated with the vesting of such units.
- F5The restricted stock units reported as disposed herein were settled for shares of the Issuer's common stock.
- F6The vesting of these performance-based RSUs was tied to the Issuer's achievement of a total shareholder return, or TSR, performance goal, which was measured over a three-year performance period from May 1, 2015 to May 1, 2018, versus the TSR realized for the same period by the Russell 2000 Index. Based on the Issuer's TSR performance during this period, the shares awarded to the Reporting Person vested at 200% of the target amount.