SEC Form 4 · accession 0001209191-19-011053
LogMeIn, Inc. · LOGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Donahue
Officer — SVP and General Counsel
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 4:08 pm EST
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 | Feb 14, 2019 | M | 3,381 | — | A | 7,381 | D | |
| Common StockF2 | Feb 14, 2019 | M | 3,426 | — | A | 10,807 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RSUsF4,F1,F3 | — | Feb 14, 2019 | F | 1,473 | D | — | — | Common Stock | 1,473 | 3,381 | D |
| Performance RSUsF5,F1,F3 | — | Feb 14, 2019 | M | 3,381 | D | — | — | Common Stock | 3,381 | 0 | D |
| Restricted Stock UnitsF4,F2,F6 | — | Feb 14, 2019 | F | 1,428 | D | — | — | Common Stock | 1,428 | 3,426 | D |
| Restricted Stock UnitsF5,F2,F6 | — | Feb 14, 2019 | M | 3,426 | D | — | — | Common Stock | 3,426 | 0 | D |
Explanation of responses
- F1Each Performance RSU represents a contingent right to receive one share of the Issuer's common stock.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F3100% of shares subject to the PRSUs vested on the two-year anniversary of the grant date subject to (a) the Issuer's achievement of a specified Adj. EBITDA Margin goal measured over two performance periods, with 50% of the PRSU subject to the performance period starting on January 1, 2017 and ending on December 31, 2017 (the "2017 performance period") and the remaining 50% of the PRSU subject to the performance period starting on January 1, 2018 and ending on December 31, 2018 (the "2018 performance period"); and (b) the Reporting Person continuing to be an employee, officer or director of, the Issuer on the vesting date.
- 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.
- F6100% of the restricted stock units vested on February 14, 2019, the two-year anniversary of the date of grant.