Logitech 2005 Annual Report Download - page 31

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(2) The options granted provide the right to purchase one share per option. For Executive Officers, the options
vest ratably over a 4-year period from the date of grant. For non-executive Directors, the options vest
ratably over a 3-year period from the date of grant. These share options have an estimated value of $19.04
per share (approximately CHF 25.32 per share) for non-executive Directors. Share option grants for all
Executive Officers range from $19.75 to $21.74 per share (approximately CHF 25.30 to CHF 28.05 per
share) for all Executive Officers, based on the Black-Scholes option-pricing model. These numbers are not
necessarily indicative of the Company’s future stock performance. If the price of Logitech’s shares does not
increase above the exercise price, no value will be realizable from these options.
(3) Amounts shown represent matching contributions under Logitech’s 401(k) plan and Logitech’s
contributions under its pension plans.
(4) The term of Michael Moone, a non-executive Director, will expire as of the date of the Annual General
Meeting in June 2005. He will not receive any special compensation upon the end of his term. In fiscal year
2005, Logitech did not terminate the employment of any of its Executive Officers.
For further information regarding Mr. De Luca’s compensation, refer to section 5.6 “Option Ownership of
Directors and Executive Officers.”
No additional fees or compensation have been paid during fiscal year 2005 to any Directors or Executive
Officers other than as noted above.
Logitech has entered into indemnification agreements with its Directors and Officers. These agreements
indemnify Directors and Officers to the extent permitted by law against expenses and liabilities incurred in legal
proceedings that may arise by reason of their status or service as Directors or Officers. Logitech believes that
these agreements are necessary to attract and retain qualified Directors and Officers. At present, there is no
pending litigation or proceeding involving any Director or Officer of Logitech as to which indemnification will
be required or permitted. The Company is not aware of any threatened litigation or proceeding that might result
in a claim for indemnification.
Logitech currently maintains Director and Officer liability insurance to insure its Directors and Officers
against certain liabilities arising from their status or service as Directors or Officers.
5.3 Compensation to Former Directors and Executive Officers
During fiscal year 2005, Logitech did not grant, directly or indirectly, compensation such as fees, salaries,
credits, bonuses or benefits in kind to former non-executive Directors or Executive Officers.
5.4 Grant of Shares to Directors and Executive Officers
During fiscal year 2005, Logitech did not grant shares of the Company to any of its non-executive Directors
or Executive Officers.
5.5 Share Ownership of Directors and Executive Officers
The following table presents information as of March 31, 2005 regarding the ownership of Logitech
International S.A.’s shares (including shares represented by ADRs), by non-executive Directors and Executive
Officers:
Name
Number of
Shares
% of Voting
Rights (1)
All non-executive Directors as a group (6 individuals) ................. 6,350 0.01%
All Executive Officers as a group (8 individuals) (2) .................. 3,258,686 6.80%
CG-19
CG
20-F
LISA