LOGITECH INTERNATIONAL SA 4
4 · LOGITECH INTERNATIONAL SA · Filed May 17, 2017
Insider Transaction Report
Form 4
Sullivan L Joseph
Sr. VP, Worldwide Operations
Transactions
- Tax Payment
Registered Shares
2017-05-15$35.38/sh−1,952$69,062→ 166,452 total - Award
Registered Shares
2017-05-15+3,740→ 168,404 total
Footnotes (2)
- [F1]These shares were acquired pursuant to the vesting of performance share units (PSUs) granted on April 15, 2016. The number of PSUs that vested on May 15, 2017 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 first of the time-based vesting conditions that occur in three equal annual installments.
- [F2]In 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 that vested on May 15, 2017.