Herdiech Edward K. 4
4 · LogMeIn, Inc. · Filed Jun 2, 2020
Insider Transaction Report
Form 4
LogMeIn, Inc.LOGM
Herdiech Edward K.
SVP, Finance
Transactions
- Exercise/Conversion
Common Stock
2020-06-01+2,327→ 23,775 total - Exercise/Conversion
Restricted Stock Units
2020-06-01−2,327→ 0 total→ Common Stock (2,327 underlying) - Tax Payment
Restricted Stock Units
2020-06-01−1,250→ 2,327 total→ Common Stock (1,250 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]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 were vested as of June 1, 2020. 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.
- [F3]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.
- [F4]The restricted stock units reported as disposed herein were settled for shares of the Issuer's common stock.