Logitech 2011 Annual Report Download - page 129

117
ENglISH
OPTION EXERCISES AND STOCK VESTED FOR FISCAL YEAR 2011
The following table provides the number of shares acquired and the value realized upon exercise of stock
options and the vesting of RSUs during fiscal year 2011 by each of our named executive officers. No shares resulted
from PSUs whose performance period ended during fiscal year 2011 because the minimum performance condition
was not met.
Option Awards Stock Awards
Name
Number of Shares
Acquired on
Exercise (#) Value Realized on Exercise ($)(1)
Number of Shares
Acquired on
Vesting (#) Value Realized on Vesting ($) (2)
Gerald Quindlen ............... — — 5,000 67,700
Erik Bardman ................. — — — —
Guerrino De Luca .............. 233,524 1,864,545 — —
Werner Heid . . . . . . . . . . . . . . . . . . — — 2,250 30,465
Junien Labrousse . . . . . . . . . . . . . . 297,500 2,840,591 3,250 44,005
(1) The value realized equals the difference between the option exercise price and the fair market value of Logitech
shares on the date of exercise, multiplied by the number of shares for which the option was exercised.
(2) Based on the closing trading price of Logitech shares on NASDAQ on June 29, 2010, the vesting date, of
$13.54.
Pension Benefits for Fiscal Year 2011
Upon his relocation from the United States to Switzerland on January 1, 2011, Mr. Labrousse began participation
in Logitech’s Swiss Employee Pension Fund, which is a program offered to all eligible Swiss employees. The
following table sets forth the estimated present value of accumulated pension benefits:
Name Plan Name
Number
of Years of
Credited
Service (#)
Present
Value of
Accumulated
Benefit ($)(1)
Gerald Quindlen ......................... — n/a —
Erik Bardman ........................... — n/a —
Guerrino De Luca ........................ — n/a —
Werner Heid ............................ — n/a —
Junien Labrousse . . . . . . . . . . . . . . . . . . . . . . . . Logitech Employee Pension Fund 0.25 48,986
(1) No amounts are included in the Summary Compensation table because Mr. Labrousse had no contributions
to this plan in FY10.
The Swiss pension plan covers all Logitech employees in Switzerland and exceeds the minimum benefit
requirements under Swiss law. The Swiss plan allows employees a choice in the level of annual contributions paid
by the employee.
Every month, Logitech Switzerland and Mr. Labrousse each contribute a percentage of Mr. Labrousse’s base
salary to the pension plan. Mr. Labrousse may elect to contribute between 5% and 11.5% of his base salary. Logitech
Switzerland contributes 11.5% of Mr. Labrousse’s base salary to the fund.
The pension plan provides benefits which are based on annual contributions as a percentage of salary and
accrue at an interest rate that is defined annually by the pension fund’s governing board. Employees of Logitech
Switzerland receive their pension plan balance upon retirement (age 65 for men and age 64 for women), termination,
or voluntary departure. The pension savings plan is considered a defined benefit plan.