Logitech 2013 Annual Report Download - page 86

Non-employee Board members may elect to receive their Board fees in shares, net of withholdings. Any such
shares are to be issued under the 2006 Stock Incentive Plan.
Annual service is measured between the dates of the Company’s Annual General Meetings, held in September
each year.
The following table summarizes the total compensation earned or paid by Logitech during fiscal year 2013
to continuing members of the Board of Directors who were not executive officers as of March 31, 2013. Because
the table is based on Logitech’s fiscal year, and annual service for purposes of Board compensation is measured
between the dates of Logitech’s Annual General Meeting, held in September each year, the amounts in the table
do not necessarily align with the description of Board compensation above. The compensation paid to Guerrino
De Luca, the member of the Board of Directors that is a Logitech executive officer as of fiscal year-end 2013, is
presented in the Summary Compensation Table.
Non-Employee Director Summary Compensation for Fiscal Year 2013
Name
Fees Earned In
Cash ($)
Stock Awards
($) Tot al ($)
Daniel Borel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,184 127,568 212,752
Matthew Bousquette . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149,072 128,112 277,184
Erh-Hsun Chang . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98,494 128,112 226,606
Kee-Lock Chua . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128,308 128,112 256,420
Sally Davis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109,674 127,568 237,242
Didier Hirsch(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,882 256,224 308,106
Neil Hunt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95,832 128,112 223,944
Richard Laube(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,082 — 31,082
Monika Ribar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117,128 127,568 244,696
(1) Mr. Hirsch was first elected as a director at the Annual General Meeting in September 2012.
(2) Mr. Laube resigned as a director as of the Annual General Meeting in September 2012.
The following table presents additional information with respect to the equity awards held as of March 31, 2013
by members of the Board of Directors who were not executive officers as of fiscal year-end.
In 2010, Logitech began granting RSUs instead of stock options to continuing non-employee directors. The
RSUs granted since fiscal years 2010 fully vest on approximately the one-year anniversary date of the grant.
Market value for stock options is calculated by taking the difference between the closing price of Logitech
shares on NASDAQ on the last trading day of the fiscal year ($6.97 on March 31, 2013) and the option exercise
price, and multiplying it by the number of outstanding options. Market value for RSUs is determined by multiplying
the number of shares by the closing price of Logitech shares on NASDAQ on the last trading day of the fiscal year.
Information regarding the option and stock awards held as of March 31, 2013 by Guerrino De Luca, the
only member of the Board of Directors that is an executive officer of Logitech as of such date, is presented in the
Outstanding Equity Awards at Fiscal Year-End table.
Certain of the options as granted have exercise prices denominated in Swiss Francs. The U.S. Dollar exercise
price in the table below for such options is based on a Swiss Franc to U.S. Dollar exchange rate on March 31, 2013
of 1 to 1.05.
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