Logitech 2011 Annual Report Download - page 247

ANNUAl REPORT
235
LOGITECH INTERNATIONAL S.A., APPLES
NOTES TO SWISS STATUTORY FINANCIAL STATEMENTS (continued)
As of March 31, 2011, none of the aforementioned conditional registered shares had been issued. During fiscal
years 2011 and 2010, all employee equity incentive commitments were satisfied from treasury shares held by the
Holding Company. A description of the employee equity incentive commitments still outstanding is presented in
the consolidated financial statements of Logitech International S.A.
Note 6 — Significant Shareholders:
The Holding Company’s share capital consists of registered shares. To the knowledge of the Company,
the beneficial owners holding more than 3% of the voting rights of the Company as of March 31, 2011 were as
follows:
Name Number of Shares(1) % of Voting Rights(2) Relevant Date
Daniel Borel(3) ...................................... 11,356,636 5.9% March 31, 2011
FMR LLC(4) ........................................ 9,272,440 4.8% December 31, 2010
Thornburg Investment Management(5) ................... 17,686,835 9.2% July 30, 2010
The Bank of New York Mellon Corporation(6) ............. 6,467,865 3.4% February 7, 2011
AXA Group(7) ...................................... 9,944,400 5.2% November 23, 2010
(1) Financial instruments other than shares are not taken into consideration for the calculation of the relevant
shareholdings.
(2) 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.
(3) The number of shares held 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. Borel’s children,
and (c) 6,500 shares held by Mr. Borel’s spouse. Mr. Borel has not entered into any written shareholders’
agreements.
(4) Number of shares held by FMR LLC is based on a notification filed by FMR LLC with the U.S. Securities
and Exchange Commission on February 14, 2011 indicating the ownership of FMR LLC, on behalf of funds
managed by and clients of FMR LLC and its direct and indirect subsidiaries as of December 31, 2010.
(5) On August 2, 2010, Thornburg Investment Management notified us that as of July 30, 2010 they held 17,686,835
shares as an investment manager on behalf of their investment clients.
(6) On February 14, 2011, The Bank of New York Mellon Corporation notified us that as of February 7, 2011 The
Bank of New York Mellon Corporation and certain direct and indirect subsidiaries held 6,467,865 shares.
(7) On November 26, 2010, AXA Group notified us that as of November 23, 2010 AXA Group and its subsidiaries
held 9,944,400 shares.
The Swiss Federal Act on Stock Exchanges and Securities Trading of March 24, 1995 (“SESTA”) requires
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 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.
Logitech has not been notified of any ownership of options or other derivative securities of the Company,
whether privately or publicly traded, by any significant shareholder of the Company that is not a member of the
Board of Directors or an executive officer.