Logitech 2011 Annual Report Download - page 180

Download and view the complete annual report

Please find page 180 of the 2011 Logitech annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 256

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256

168
1.2 Significant Shareholders
Greater than 3% Shareholders as of March 31, 2011
The table below sets out, to the knowledge of the Company, beneficial owners holding more than 3% of the
voting rights of the Company as of March 31, 2011. The number of voting rights of the Company as of March 31,
2011 is equal to the number of shares issued, 191,606,620 shares.
Information on the share ownership of the Company by directors, executive officers and greater than 5%
shareholders as of June 30, 2011, based on the number of the Company’s shares outstanding (which is equal to the
shares issued less the shares held in the Company’s treasury) is set out on page 84 of the Companys Annual Report,
Invitation and Proxy Statement for the 2011 Annual General Meeting, under the heading “Security Ownership of
Certain Beneficial Owners and Management as of June 30, 2011.
Name Number of Shares % of Voting
Rights(1) Relevant Date
Daniel Borel(2) ........................... 11,356,636 5.9% March 31, 2011
Logitech International S.A. . . . . . . . . . . . . . . . . 12,433,614 6.5% March 31, 2011
FMR LLC(3) ............................. 9,272,440 4.8% December 31, 2010
Thornburg Investment Management(4) ........ 17,686,835 9.2% July 30, 2010
The Bank of New York Mellon Corporation(5) ... 6,467,865 3.4% February 7, 2011
AXA Group(6) ........................... 9,944,400 5.2% November 23, 2010
(1) Shareholdings are calculated based on the aggregate number of voting rights entered into the Swiss commercial
register. This aggregate number was 191,606,620 voting rights as of March 31, 2011.
(2) Includes (a) 53,000 shares held by a charitable foundation, of which Mr. Borel and other members of his
family are board members, (b) 26,500 shares held by one of Mr. Borels children, and (c) 6,500 shares held by
Mr. Borels spouse. Mr. Borel has not entered into any written shareholders’ agreements.
(3) Number of shares held by FMR LLC is based on a Schedule 13G filed by FMR LLC with the U.S. Securities
and Exchange Commission on February 14, 2011, on behalf of funds managed by and clients of FMR LLC
and its direct and indirect subsidiaries.
(4) Number of shares held by Thornburg Investment Management on behalf of their investment clients is based
on a notification received by the Company on August 2, 2010. After March 31, 2011 the Company was notified
by Thornburg that their ownership fell below 3% effective May 30, 2011.
(5) Number of shares held by The Bank of New York Mellon Corporation on behalf of certain direct and indirect
subsidiaries is based on a notification received by the Company on February 14, 2011. After March 31, 2011
the Company was notified by The Bank of New York Mellon Corporation that their ownership fell below 3%
effective June 9, 2011.
(6) Number of shares held by the AXA Group and its subsidiaries is based on a notification received by the
Company on November 26, 2010.
In addition, as of March 31, 2011, a total of 18,682,084 shares were subject to potential issuance
under employee equity incentives outstanding as of such date.
Under Swiss law shareholders who own voting rights exceeding certain percentage thresholds of a company
incorporated in Switzerland whose shares are listed on a stock exchange in Switzerland are required to notify the
company and the relevant Swiss exchange of such holdings. Following receipt of this notification, the company is
required to inform the public in Switzerland. The notifications are published on the website of the SIX Swiss Exchange at
http://www.six-swiss-exchange.com/shares/companies/major_shareholders_en.html?fromDate=19980101&issuer=2769