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Logitech International S.A. — Director's Dealing 2017
Mar 27, 2017
922_dirs_2017-03-27_80907652-b594-41a9-bca0-3152e832ffa0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LOGITECH INTERNATIONAL SA (LOGI)
CIK: 0001032975
Period of Report: 2017-03-25
Reporting Person: Pilette Vincent (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-25 | Registered Shares | A | 18368 | $0.00 | Acquired | 465353 | Direct |
| 2017-03-25 | Registered Shares | F | 6886 | $31.69 | Disposed | 458467 | Direct |
| 2017-03-25 | Registered Shares | F | 12452 | $31.69 | Disposed | 446015 | Direct |
Footnotes
F1: These shares were acquired pursuant to the vesting of performance share units (PSUs) granted on March 25, 2015. The number of PSUs that vested on March 25, 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, 2016, as determined by the Compensation Committee of Logitech, and (ii) the satisfaction of the second 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 March 25, 2017.
F3: 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 previously reported restricted stock units.