Logitech 2007 Annual Report Download - page 45

5.6 Option Ownership of Directors and Executive Officers
The following tables present information as of March 31, 2007 regarding the option ownership for shares of
Logitech International S.A. by Logitech’s non-executive Directors and Executive Officers. Refer to section 2.7
for a description of Logitech’s employee equity compensation plans.
Options held by non-executive Directors (in thousands except share and per share amounts):
Fiscal Year of Grant(4)
Options
Held
Vested
Options Exercise Price
Expiration
year
Value of
Options
Held(1)
2001 ......................... 80,000 80,000 $ 11.54 2011 $ 260
2002 ......................... 85,000 85,000 $ 5.22 - $ 6.25 2012 223
2003 ......................... 170,000 140,000 $ 6.77 - $11.35 2013 724
2004 ......................... 160,000 100,000 $ 7.76 - $10.50 2014 625
2005 ......................... 280,000 166,668 $11.44 - $11.85 2015 1,380
2006 ......................... 150,000 45,000 $15.41 - $20.25 2016 974
2007 ......................... 45,000 — $19.43 - $21.61 2017 336
970,000 616,668 $4,522
Options held by Executive Officers (in thousands except share and per share amounts):
Fiscal Year of Grant(4)
Options
Held(2)(3)
Vested
Options Exercise Price
Expiration
year
Value of
Options
Held(1)
2000 ..................... 22,500 22,500 $2.64 2010 $ 20
2001 ..................... 800,000 800,000 $8.48 2011 2,160
2002 ..................... 680,624 680,624 $ 6.58 - $ 9.05 2012 1,829
2003 ..................... 940,000 685,000 $ 6.77 - $ 8.28 2013 3,153
2004 ..................... 260,000 130,000 $7.76 2014 984
2005 ..................... 732,000 366,000 $11.44 - $12.29 2015 3,835
2006 ..................... 900,000 212,500 $14.98 - $20.25 2016 6,370
2007 ..................... 612,900 — $20.05 - $21.61 2017 4,893
4,948,024 2,896,624 $23,244
(1) Value of options held are based on the grant-date fair value of options granted during the applicable fiscal
year, estimated using the Black-Scholes-Merton option-pricing valuation model. Each option provides the
right to purchase one share 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. The value of options held is not necessarily indicative of the
proceeds realizable from the exercise of the options and the sale of the underlying shares or of the
Company’s future share price performance.
(2) Includes 3,163,576 options held by Mr. De Luca as of March 31, 2007.
(3) Mr. De Luca and Mr. Hawkins have each adopted trading plans in compliance with Swiss rules and Rule
10b5-1 under the U.S. Securities Exchange Act of 1934 that are designed to eliminate Mr. De Luca and
Mr. Hawkins’ control over the timing and amount of sales of their Logitech shares. Under the plans, Mr. De
Luca and Mr. Hawkins have placed some of their options with an independent third party. The third party
exercises such options and sells the shares received on exercise in accordance with trading parameters
established by Mr. De Luca and Mr. Hawkins at the time the plans were adopted. The ability to amend the
terms of the plans is limited. Mr. De Luca has had similar plans in place for several years.
(4) Erh-Hsun Chang has been a non-executive Director of the Company since June 2006. From April 1997 to
April 2006, Mr. Chang was the Company’s Senior Vice President, Worldwide Operations and General
Manager, Far East. The above data for all periods presented has been adjusted to give effect to his change in
title from an Executive Officer to a non-executive Director.
CG-23
20-F
LISA