4//SEC Filing
van Zadelhoff Marc R 4
Accession 0001209191-18-061517
CIK 0001420302other
Filed
Dec 6, 7:00 PM ET
Accepted
Dec 7, 4:37 PM ET
Size
12.1 KB
Accession
0001209191-18-061517
Insider Transaction Report
Form 4
LogMeIn, Inc.LOGM
van Zadelhoff Marc R
Chief Operating Officer
Transactions
- Award
Performance RSUs
2018-12-06+15,920→ 15,920 total→ Common Stock (15,920 underlying) - Award
Restricted Stock Units
2018-12-06+47,759→ 47,759 total→ Common Stock (47,759 underlying) - Award
Performance RSUs
2018-12-06+15,918→ 15,918 total→ Common Stock (15,918 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]100% of the restricted stock units shall vest on December 6, 2020, the two-year anniversary of the date of grant. 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 November 1, 2018 to December 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 (7,959) 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 November 1, 2018 to December 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 (7,960) 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 0001757918
Filing Metadata
- Form type
- 4
- Filed
- Dec 6, 7:00 PM ET
- Accepted
- Dec 7, 4:37 PM ET
- Size
- 12.1 KB