Logitech 2014 Annual Report Download - page 295

LOGITECH INTERNATIONAL S.A.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 17 — Other Disclosures Required by Swiss Law (Continued)
The following table sets forth the shares and options held by each of the individual members of the Board of
Directors and executive officers as of March 31, 2014:
Shares Held
Options, PRSUs
and RSUs Held(1) Exercise Price
Fiscal Years
of Expiration
Non-Executive Members
of the Board of Directors:
Daniel Borel(2). . . . . . . . . . . . . . . . . . . . . . . 9,801,343 18,400 n/a n/a
Matthew Bousquette . . . . . . . . . . . . . . . . . 38,453 93,400 $15.41 - $23.29 2016 - 2019
Erh-Hsun Chang(3) . . . . . . . . . . . . . . . . . . . 185,979 — n/a n/a
Kee-Lock Chua . . . . . . . . . . . . . . . . . . . . . 69,792 33,400 $19.43 2016
Sally Davis(4). . . . . . . . . . . . . . . . . . . . . . . . 67,103 48,400 $38.92 2018
Didier Hirsch(5) . . . . . . . . . . . . . . . . . . . . . . 6,228 36,532 n/a n/a
Neil Hunt . . . . . . . . . . . . . . . . . . . . . . . . . . 29,433 18,400 n/a n/a
Monika Ribar(6) . . . . . . . . . . . . . . . . . . . . . 43,245 113,400 $16.58 - $38.93 2015 - 2018
Total Non-Executive Members
of the Board of Directors: . . . . . . . . . . . . . 10,241,576 361,932
Executive Officers:
Guerrino De Luca . . . . . . . . . . . . . . . . . . . 164,018 1,040,000 $7.83 - $27.95 2015 - 2023
Bracken P. Darrell . . . . . . . . . . . . . . . . . . . 71,288 2,222,000 $8.03 2023
Vincent Pilette . . . . . . . . . . . . . . . . . . . . . . 165,806 370,000 n/a n/a
Erik Bardman(7) . . . . . . . . . . . . . . . . . . . . . 7,439 — n/a n/a
Marcel Stolk. . . . . . . . . . . . . . . . . . . . . . . . 22,506 397,000 $7.83 2013
L. Joseph Sullivan . . . . . . . . . . . . . . . . . . . 35,107 630,750 $7.83 - $30.09 2016 - 2023
Total Executive Officers . . . . . . . . . . . . . . . . . 466,164 4,659,750
(1) Each option provides the right to purchase one share at the exercise price. For executive officers, the options
become exercisable over four years in equal annual installments from the date of grant. For non-executive
Directors, the options become exercisable over three years in equal annual installments from the date of
grant. Market-based options may become exercisable at the end of two years from the grant day upon meeting
certain minimum share price performance criteria measured against market conditions. PRSUs granted to
executive officers are market-based restricted stock units that may vest upon meeting certain minimum share
price performance criteria measured against market conditions or at the end of two or three years from
the grant date upon meeting certain minimum share price performance criteria measured against market
conditions. RSUs granted to executive officers are time-based restricted stock units that vest in four equal
annual installments from the date of grant. RSUs granted to non-executive Directors vest in one installment,
except as noted for Mr. De Luca and Mr. Pilette on August 31 following the grant date anniversary.
(2) The number of shares held includes (a) 53,000 shares held by a charitable foundation, of which
Mr. Daniel Borel and other members of his family are board members and (b) 6,500 shares held by
Mr. Borel’s spouse. Mr. Borel has not entered into any written shareholders’ agreements.
(3) Mr. Chang did not stand for re-election as a director at the Annual General Meeting in September 2013.
Shares held as of August 15, 2014, the last date as of which the Company had information with respect to
shares held by Mr. Chang.
(4) The exercise price of the option as granted to Ms. Sally Davis is CHF 34.45. The U.S. dollar exercise price
shown is based on the Swiss franc to U.S. dollar conversion rate on the trading day immediately preceding
the grant date. The U.S. dollar exercise price as of March 31, 2014 was $38.93.
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