SEC Form 4 · accession 0001209191-18-034346
LogMeIn, Inc. · LOGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter John Sacripanti
Director
Period of report
May 31, 2018
Accepted (ET)
May 31, 2018 · 4:08 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 31, 2018 | M | 2,450 | — | A | 2,450 | 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 UnitsF2,F1,F3 | — | May 31, 2018 | A | 2,223 | A | — | — | Common Stock | 2,223 | 2,223 | D |
| Restricted Stock UnitsF2,F5,F1,F4 | — | May 31, 2018 | M | 2,450 | D | — | — | Common Stock | 2,450 | 2,451 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2The Reporting Person was awarded these restricted stock units as compensation for services rendered as a director.
- F3These restricted stock units shall become fully vested on the earlier of (i) the date of the Issuer's 2019 Annual Meeting of Stockholders or (ii) May 31, 2019, subject to the Reporting Person's continued service as a director as of that date. These restricted stock units also provide for accelerated vesting in the event of an acquisition of the Issuer.
- F4These restricted stock units vest in two equal installments over a two-year period, with (a) 50% of the restricted stock units becoming vested on the date of the Issuer's 2018 Annual Meeting of Stockholders; and (b) the remaining 50% of the restricted stock units becoming vested on the earlier of (i) the date of the Issuer's 2019 Annual Meeting of Stockholders or (ii) June 1, 2019, with each vesting subject to the Reporting Person's continued service as a director as of that date. These restricted stock units also provide for accelerated vesting in the event that the Reporting Person's employment is terminated in connection with an acquisition of the Issuer.
- F5The restricted stock units reported as disposed herein were settled for shares of the Issuer's common stock.