4//SEC Filing
van Zadelhoff Marc R 4
Accession 0001209191-19-023626
CIK 0001420302other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 4:08 PM ET
Size
12.1 KB
Accession
0001209191-19-023626
Insider Transaction Report
Form 4
LogMeIn, Inc.LOGM
van Zadelhoff Marc R
Chief Operating Officer
Transactions
- Award
Restricted Stock Units
2019-04-01+12,308→ 12,308 total→ Common Stock (12,308 underlying) - Award
Performance RSUs
2019-04-01+12,308→ 12,308 total→ Common Stock (12,308 underlying) - Award
Performance RSUs
2019-04-01+12,308→ 12,308 total→ Common Stock (12,308 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 April 1, 2022. 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]100% of shares subject to the PRSUs shall vest on March 1, 2021 subject to (a) the Issuer's achievement of a fiscal year 2020 non-GAAP revenue target and (b) the Reporting Person continuing to be an employee, officer or director of, the Issuer on the vesting date. 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 (6,154) by a percentage ranging from 0% to 200% based on the actual level at which the performance goal is attained. These PRSUs 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 April 1, 2019 to April 1, 2022 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 (6,154) 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
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 4:08 PM ET
- Size
- 12.1 KB