Logitech 2007 Annual Report Download - page 43

5.2 Compensation of Directors and Executive Officers
The following table sets forth the compensation Logitech paid or accrued for payment to non-executive
Directors and Executive Officers in all capacities for services performed in the fiscal year ended March 31, 2007
(in thousands except share and per share amounts):
All non-executive Directors
as a group
(6 individuals)(5)
All Executive Officers
as a group
(8 individuals)(4)
Salary ....................................... $ 410 $ 2,954
Bonus ....................................... — 2,599
Other(1) ...................................... — 284
Total ........................................ $ 410 $ 5,837
Share option value(2) ............................ 336 4,893
Total (including share option value) ............... $ 746 $ 10,730
Total number of options granted(3) ................. 45,000 612,900
Exercise price in USD .......................... $ 19.43 to $21.61 $ 20.05 to $21.61
Exercise price in CHF .......................... CHF23.93 to CHF 27.03 CHF 26.09 to CHF 27.03
Expiration year ................................ 2017 2017
(1) Amounts shown represent costs of relocation for two executive officers, matching contributions made by
Logitech under its 401(k) plan and Logitech’s contributions under its pension plans.
(2) Share option values are based on the grant-date fair value of options granted during fiscal year 2007,
estimated using the Black-Scholes-Merton option-pricing valuation model. The options granted provide the
right to purchase one share per option at the exercise price. For Executive Officers, the options vest ratably
over a four-year period from the date of grant. For non-executive Directors, the options vest ratably over a
three-year period from the date of grant. Assumptions used in the calculation of share option values are
presented in Note 4–Share-Based Compensation in the Notes to the Consolidated Financial Statements. The
share option values are not necessarily indicative of the proceeds realizable from the exercise of the options
and sale of the underlying shares or of the Company’s future share price performance.
(3) Total options granted to non-executive Directors and Executive Officers represent 25.6% of the options
granted by Logitech in fiscal year 2007. The remainder of the options were granted to 463 of Logitech’s
other employees.
(4) Mr. Hawkins and Mr. Sullivan were each appointed Executive Officers at the beginning of fiscal year 2007
and their compensation is reflected in the table above. Ms. Kristen Onken, the Company’s former Senior
Vice President and Chief Financial Officer, resigned as an Executive Officer of the Company at the
beginning of fiscal year 2007 and accordingly her compensation is not reflected in the table above.
(5) Frank Gill resigned as a Director of the Company in June 2006, before the expiration of his then-current
3-year term as a Director. His partial year compensation through June 2006 is reflected in the table above.
For further information regarding Mr. De Luca’s compensation, refer to section 5.9 “Highest Total
Compensation.”
There were no other Director or Executive Officer resignations or additions during fiscal year 2007. No
additional fees or compensation have been paid during fiscal year 2007 to any Directors or Executive Officers
other than as noted above.
During fiscal year 2007 Logitech paid no special compensation or severance payments to any Director or
Executive Officer that resigned or otherwise left Logitech in fiscal year 2007.
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
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LISA