Logitech 2011 Annual Report Download - page 138

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Employee Share Purchase Plans
Logitech maintains two employee share purchase plans, one for employees in the United States and one for
employees outside the United States. The plan for employees outside the United States is named the 2006 Employee
Share Purchase Plan (Non-U.S.) (“2006 ESPP”) and was approved by the Board of Directors in June 2006. The plan
for employees in the United States is named the 1996 Employee Share Purchase Plan (U.S.) (“1996 ESPP”). The
1996 ESPP was the worldwide plan until the adoption of the 2006 ESPP in June 2006. Under both plans, eligible
employees may purchase shares with up to 10% of their earnings at the lower of 85% of the fair market value at
the beginning or the end of each six-month offering period. Purchases under the plans are limited to a fair value
of $25,000 in any one year, calculated in accordance with U.S. tax laws. There are two offering periods, each
consisting of a six-month period during which payroll deductions of employee participants are accumulated under
the share purchase plan. Subject to continued participation in these plans, purchase agreements are automatically
executed at the end of each offering period. A total of 16,000,000 shares have been reserved for issuance under
both the 1996 and 2006 ESPP plans. As of March 31, 2011, a total of 1,643,369 shares were available for issuance
under these plans.
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