4//SEC Filing
Lok James 4
Accession 0001209191-18-027150
CIK 0001420302other
Filed
Apr 30, 8:00 PM ET
Accepted
May 1, 5:10 PM ET
Size
12.1 KB
Accession
0001209191-18-027150
Insider Transaction Report
Form 4
LogMeIn, Inc.LOGM
Lok James
SVP, Engineering
Transactions
- Award
Performance RSUs
2018-05-01+3,742→ 3,742 total→ Common Stock (3,742 underlying) - Award
Performance RSUs
2018-05-01+3,744→ 3,744 total→ Common Stock (3,744 underlying) - Award
Restricted Stock Units
2018-05-01+11,229→ 11,229 total→ Common Stock (11,229 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The restricted stock units shall vest 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 will be vested as of May 1, 2021. 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.
- [F3]Each Performance RSU represents a contingent right to receive one share of the Issuer's common stock; the number of Performance RSUs granted represents the maximum number of Performance RSUs that can be earned by the Reporting Person.
- [F4]The vesting of these Performance RSUs is tied to the achievement of a performance goal, which is measured as the total shareholder return, or TSR, realized by the Issuer's stockholders for the two-year performance period from May 1, 2018 to May 1, 2020 versus the TSR realized for that same period by the S&P North American Technology Software Index. The actual number of shares of the Issuer's common stock into which the Performance RSUs will convert will be calculated by multiplying the target number of Performance RSUs (1,871) by a percentage ranging from 0% to 200% based on the actual level at which the performance goal is attained. These Performance RSUs also provide for accelerated vesting in the event that the Reporting Person's employment is terminated in connection with an acquisition of the Issuer.
- [F5]The vesting of these Performance RSUs is tied to the achievement of a performance goal, which is measured as the total shareholder return, or TSR, realized by the Issuer's stockholders for the three-year performance period from May 1, 2018 to May 1, 2021 versus the TSR realized for that same period by the S&P North American Technology Software Index. The actual number of shares of the Issuer's common stock into which the Performance RSUs will convert will be calculated by multiplying the target number of Performance RSUs (1,872) by a percentage ranging from 0% to 200% based on the actual level at which the performance goal is attained. These Performance RSUs also provide for accelerated vesting in the event that the Reporting Person's employment is terminated in connection with an acquisition of the Issuer.
Documents
Issuer
LogMeIn, Inc.
CIK 0001420302
Entity typeother
Related Parties
1- filerCIK 0001699560
Filing Metadata
- Form type
- 4
- Filed
- Apr 30, 8:00 PM ET
- Accepted
- May 1, 5:10 PM ET
- Size
- 12.1 KB