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LOGI Logitech International SA

79.40
0.68 (0.86%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Logitech International SA NASDAQ:LOGI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.68 0.86% 79.40 77.15 81.00 80.02 79.03 79.24 538,537 23:45:07

Statement of Changes in Beneficial Ownership (4)

17/05/2017 11:43pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Stolk Marcel
2. Issuer Name and Ticker or Trading Symbol

LOGITECH INTERNATIONAL SA [ LOGI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chair, Logitech Eur; SVP, C&P
(Last)          (First)          (Middle)

C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS
3. Date of Earliest Transaction (MM/DD/YYYY)

5/15/2017
(Street)

APPLES, V8 1143
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Registered Shares   (1) 5/15/2017     A    5922   A $0.00   106761   D    
Registered Shares   5/15/2017     F (2)    337   D $35.70   (3) 106424   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  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.
(2)  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 withholding obligations for social charges arising out of the vesting of shares with respect to performance share units that vested on May 15, 2017.
(3)  The reported amount represents the purchase price on the SIX Swiss Exchange of CHF 35.40, as converted into U.S. dollars at the exchange rate of 1 CHF to U.S. $1.00838, as in effect on May 15, 2017.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Stolk Marcel
C/O LOGITECH INTERNATIONAL S.A.
LES CHATAGNIS
APPLES, V8 1143


Chair, Logitech Eur; SVP, C&P

Signatures
/s/ Jon Shanberge as attorney in fact for Marcel Stolk 5/17/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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