Herdiech Edward K. 4
4 · LogMeIn, Inc. · Filed May 29, 2019
Insider Transaction Report
Form 4
LogMeIn, Inc.LOGM
Herdiech Edward K.
SVP, Finance
Transactions
- Exercise/Conversion
Common Stock
2019-05-26+5,387→ 22,620 total - Exercise/Conversion
Performance RSUs
2019-05-26−5,387→ 0 total→ Common Stock (5,387 underlying) - Exercise/Conversion
Common Stock
2019-05-26+3,150→ 17,233 total - Tax Payment
Restricted Stock Units
2019-05-26−2,517→ 3,150 total→ Common Stock (2,517 underlying) - Tax Payment
Performance RSUs
2019-05-26−4,303→ 5,387 total→ Common Stock (4,303 underlying) - Exercise/Conversion
Restricted Stock Units
2019-05-26−3,150→ 0 total→ Common Stock (3,150 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Each Performance RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F3]The restricted stock units vested 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 vested as of May 26, 2019. These restricted stock units also provided for accelerated vesting in the event that the Reporting Person's employment was terminated in connection with an acquisition of the Issuer.
- [F4]The shares of common stock underlying the restricted stock units reported as disposed herein were retained (but not issued) by the Issuer in satisfaction of tax withholding obligations associated with the vesting of such units.
- [F5]The restricted stock units reported as disposed herein were settled for shares of the Issuer's common stock.
- [F6]The vesting of these performance-based RSUs was tied to the Issuer's achievement of a total shareholder return, or TSR, performance goal, which was measured over a three-year performance period from May 1, 2016 to May 1, 2019, versus the TSR realized for the same period by the Russell 2000 Index. Based on the Issuer's TSR performance during this period, the shares awarded to the Reporting Person vested at 114% of the target amount.