Stolk Marcel 4
4 · LOGITECH INTERNATIONAL SA · Filed Apr 17, 2018
Insider Transaction Report
Form 4
Stolk Marcel
SVP, CCP Business Group
Transactions
- Award
Registered Shares
2018-04-15+10,800→ 97,917 total - Award
Registered Shares
2018-04-15+5,595→ 128,692 total - Award
Registered Shares
2018-04-15+5,922→ 134,614 total - Award
Registered Shares
2018-04-15+25,180→ 123,097 total - Tax Payment
Registered Shares
2018-04-15$37.16/sh−3,305$122,814→ 131,309 total
Footnotes (6)
- [F1]Each restricted stock unit (RSU) represents the right to receive, following vesting, one Logitech share. The RSUs vest and convert into shares in four equal annual installments. The first installment vests on April 15, 2019, and the next three vest on April 15, 2020, April 15, 2021 and April 15, 2022.
- [F2]These shares were acquired pursuant to the vesting of performance share units (PSUs). The number of PSUs that vested was determined based on Logitech's total shareholder return (TSR) relative to the other companies in the NASDAQ 100 over a three-year period from April 1, 2015 through March 31, 2018.
- [F3]These shares were acquired pursuant to the vesting of performance share units (PSUs) granted on April 15, 2015. The number of PSUs that vested on April 15, 2018 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, 2016, as determined by the Compensation Committee of Logitech, and (ii) the satisfaction of the third of the time-based vesting conditions that occur in three equal annual installments.
- [F4]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 April 15, 2018 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 second of the time-based vesting conditions that occur in three equal annual installments.
- [F5]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 and previously reported restricted stock units.
- [F6]The reported amount represents the price on the SIX Swiss Exchange of CHF 35.78, as converted into U.S. dollars at the exchange rate of 1 CHF to U.S. $1.03855, as in effect on April 15, 2018.