AI assistant
Logitech International S.A. — Director's Dealing 2017
May 17, 2017
922_dirs_2017-05-17_d41154cd-f7ba-4088-ac22-e54fea6bc7ea.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LOGITECH INTERNATIONAL SA (LOGI)
CIK: 0001032975
Period of Report: 2017-05-15
Reporting Person: De Luca Guerrino (Director, Executive Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-05-15 | Registered Shares | A | 3117 | $0.00 | Acquired | 307531 | Direct |
| 2017-05-15 | Registered Shares | F | 1327 | $35.38 | Disposed | 306204 | Direct |
Footnotes
F1: These shares were acquired pursuant to the vesting of performance share units (PSUs) granted on April 15, 2016. The number of PSUs that vested on May 15, 2017 was based on (i) the achievement of a performance-based vesting condition based on Logitech's Non-GAAP Operating Margin over the four-consecutive-fiscal-quarter period ended March 31, 2017, as determined by the Compensation Committee of Logitech, and (ii) the satisfaction of the first of the time-based vesting conditions that occur in three equal annual installments.
F2: In an exempt disposition to the issuer under rule 16b-3(e), the recipient remitted shares to the issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of shares with respect to performance share units that vested on May 15, 2017.