Logitech 2012 Annual Report Download - page 200

Dividends paid and similar cash or in-kind distributions made by Logitech to a holder of Logitech shares
(including dividends or liquidation proceeds and stock dividends) are subject to a Swiss federal anticipatory tax at
a rate of 35%. The anticipatory tax must be withheld by Logitech from the gross distribution, and paid to the Swiss
Federal Tax Administration.
A Swiss resident holder and beneficial owner of Logitech shares may qualify for a full refund of the Swiss
anticipatory tax withheld from such dividends. A holder and beneficial owner of Logitech shares who is a non-
resident of Switzerland, but a resident of a country that maintains a double tax treaty with Switzerland, may qualify
for a full or partial refund of the Swiss anticipatory tax withheld from such dividends by virtue of the provisions
of the applicable treaty between Switzerland and the country of residence of the holder and beneficial owner of the
Logitech shares.
In accordance with the tax convention between the United States and the Swiss Confederation (‘‘Treaty’’),
a mechanism is provided whereby a United States resident (as determined under the Treaty), and United States
corporations, other than U.S. corporations having a ‘‘permanent establishment’’ or a fixed base, as defined in
the Treaty, in Switzerland, generally can obtain a refund of the Swiss anticipatory tax withheld from dividends in
respect of Logitech shares, to the extent that 15% of the gross dividend is withheld as final withholding tax (i.e.
20% of the gross dividend may generally be refunded). In specific cases, U.S. companies not having a ‘‘permanent
establishment’’ or a fixed base in Switzerland owning at least 10% of Logitech registered shares may receive a
refund of the Swiss anticipatory tax withheld from dividends to the extent it exceeds 5% of the gross dividend (i.e.
30% of the gross dividend may be refunded). To get the benefit of a refund, holders must beneficially own Logitech
shares at the time such dividend becomes due.
Share Repurchases
The following table presents certain information related to purchases made by Logitech of its equity securities
(in thousands, except per share amounts):
Period
Total Number of
Shares Purchased
as Part of Publicly
Announced
Program
Average Price
Paid Per Share
Approximate
Dollar Value of
Shares That May
Yet Be Purchased
Under the
Programin USD in CHF
April 2011 .................................. — — — $250,000
May 2011 ................................... — — — 250,000
June 2011 ................................... — — — 250,000
July 2011 ................................... — — — 250,000
August 2011 ................................. 7,329 9.54 7.62 180,061
September 2011 .............................. 280 10.83 8.61 177,030
October 2011 ................................ — — — 177,030
November 2011 .............................. — — — 177,030
December 2011 .............................. — — — 177,030
January 2012 ................................ 1,780 7.51 6.90 163,662
February 2012 ............................... 7,195 8.55 7.79 102,145
March 2012 ................................. 925 8.53 7.66 94,255
Tot al .................................... 17,509
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