Logitech 2012 Annual Report Download - page 147

For FY11: Assuming the highest level of performance is achieved, the maximum possible value of the PSUs
allocated in FY11, using the market value of our shares on the grant date of the PSUs, was: (a) in the case
of Mr. De Luca, $1,218,000; (b) in the case of Mr. Bardman, $1,461,600; (c) in the case of Mr. Labrousse,
$1,461,600; (d) in the case of Mr. Sullivan, $1,503,900; (e) in the case of Mr. Quindlen, $5,724,600; and (f) in
the case of Mr. Heid, $1,461,600.
For FY10: None of the shares represented by PSUs granted in FY10 vested because the minimum performance
condition was not met. Assuming the highest level of performance was achieved, the maximum possible value
of the PSUs allocated in FY10, using the market value of our shares on the grant date of the PSUs, is: (a) in
the case of Mr. Labrousse, $560,800; (b) in the case of Mr Sullivan, $472,680; (c) in the case of Mr. Quindlen;
$1,121,600; and (d) in the case of Mr. Heid, $364,520.
(2) Reflects amounts earned under the Logitech Management Performance Bonus Plan.
(3) Details regarding the various amounts included in this column are provided in the following table entitled “All
Other Compensation.”
(4) Mr. De Luca was appointed Chief Executive Officer effective April 9, 2012. He had been appointed acting
President and Chief Executive Officer effective July 27, 2011.
(5) Mr. Bardman joined Logitech as Sr. Vice President, Finance and Chief Financial Officer commencing on
October 5, 2009.
(6) Mr. Labrousse was the Senior Vice President, Products and President, Logitech Europe until April 22, 2012.
In connection with a restructuring, he ceased to be an executive officer as of April 22. On behalf of the
Company, Mr. Labrousse moved to Switzerland as of January 1, 2011 and his base salary was set at 710,000
Swiss francs. Mr. Labrousse’s salaries for fiscal year 2012 and a portion of fiscal year 2011 reflect a conversion
to U.S. dollars using a Swiss franc to U.S. dollar exchange rate.
(7) Reflects (1) a bonus of $21,047 approved by the Compensation Committee to enable Mr. Labrousse to offset
taxes incurred on a life insurance contract on his life held by the Company in connection with the Logitech Inc.
deferred compensation plan, which life insurance contract the Company surrendered for cash in December,
2010, and (2) a bonus in the amount of $112,500 approved by the Compensation Committee to offset some of
the costs of Mr. Labrousse’s relocation to Switzerland.
(8) Mr. Quindlen’s service as President and Chief Executive Officer ended July 27, 2011.
(9) Mr. Heid’s service as Senior Vice President, Sales and Marketing ended May 15, 2012.
(10) The Compensation Committee approved the payment of this bonus to Mr. Heid to enable him to purchase a
value of Logitech shares equal to what he would have purchased under the Logitech Employee Share Purchase
Plan for the February 1 - July 31, 2009 offering period but for his employment start date being after the
offering start date.
ENGLISH
137