Logitech 2013 Annual Report Download - page 89
Download and view the complete annual report
Please find page 89 of the 2013 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.-
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
 |
 |
1996 Stock Plan
Under the 1996 Stock Plan, Logitech granted options for shares. Options issued under the 1996 Stock Plan
generally vest over four years and remain outstanding for periods not to exceed ten years. Options were granted at
exercise prices of at least 100% of the fair market value of the shares on the date of grant. Logitech made no grants
of restricted shares, stock appreciation rights or stock units under the 1996 Stock Plan. No further awards will be
granted under the 1996 Stock Plan.
Each option issued under the 1996 Stock Plan entitles the holder to purchase one share of Logitech International
S.A. at the exercise price.
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.), or 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.), or
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. During each offering
period, 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 21 million shares have been reserved for issuance under both the 1996 and 2006 ESPPs. As of
March 31, 2013, a total of 2,316,415 shares were available for issuance under these plans.
****************
PROX Y STATEMENT
87