Logitech 2012 Annual Report Download - page 163

1996 Stock Plan
Under the 1996 Stock Plan, Logitech granted options for shares. Options issued under the 1996 Plan generally
vest over four years and remain outstanding for periods not to exceed ten years. Options were granted at exercise
prices of at least 100% of the fair market value of the shares on the date of grant. Logitech made no grants of
restricted shares, stock appreciation rights or stock units under the 1996 Plan. No further awards will be granted
under the 1996 Plan.
Each option issued under the 1996 Stock Plan entitles the holder to purchase one share of Logitech International
S.A. at the exercise price.
Employee Share Purchase Plans
Logitech maintains two employee share purchase plans, one for employees in the United States and one for
employees outside the United States. The plan for employees outside the United States is named the 2006 Employee
Share Purchase Plan (Non-U.S.), or 2006 ESPP, and was approved by the Board of Directors in June 2006. The plan
for employees in the United States is named the 1996 Employee Share Purchase Plan (U.S.), or 1996 ESPP. The
1996 ESPP was the worldwide plan until the adoption of the 2006 ESPP in June 2006. Under both plans, eligible
employees may purchase shares with up to 10% of their earnings at the lower of 85% of the fair market value at
the beginning or the end of each six-month offering period. Purchases under the plans are limited to a fair value
of $25,000 in any one year, calculated in accordance with U.S. tax laws. There are two offering periods, each
consisting of a six-month period during which payroll deductions of employee participants are accumulated under
the share purchase plan. Subject to continued participation in these plans, purchase agreements are automatically
executed at the end of each offering period. A total of 21 million shares have been reserved for issuance under both
the 1996 and 2006 ESPP plans. As of March 31, 2012, a total of 4,526,282 shares were available for issuance under
these plans.
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