Logitech 2015 Annual Report Download - page 245

LOGITECH INTERNATIONAL S.A., APPLES
NOTES TO SWISS STATUTORY FINANCIAL STATEMENTS (Continued)
Note 9 — Share Ownership of Board Members and Executive Officers: (Continued)
As of March 31, 2014
Shares Held
Options,
PRSUs
and RSUs
Held(1) Exercise Price
Fiscal Years
of Expiration
Non-Group Management Team Members of
the Board of Directors:
Daniel Borel(2) . . . . . . . . . . . . . . . . . . . . . . . . 9,801,343 18,400 n/a n/a
Matthew Bousquette . . . . . . . . . . . . . . . . . . . 38,453 93,400 $15.41 - $23.29 2016 - 2019
Erh-Hsun Chang(3) . . . . . . . . . . . . . . . . . . . . . 185,979 — n/a n/a
Kee-Lock Chua . . . . . . . . . . . . . . . . . . . . . . . 69,792 33,400 $19.43 2016
Sally Davis(4) . . . . . . . . . . . . . . . . . . . . . . . . . 67,103 48,400 $38.92 2018
Guerrino De Luca(5) . . . . . . . . . . . . . . . . . . . . 164,018 1,040,000 $7.83 - $27.95 2015 - 2023
Didier Hirsch(6) . . . . . . . . . . . . . . . . . . . . . . . . 6,228 36,532 n/a n/a
Neil Hunt . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,433 18,400 n/a n/a
Monika Ribar(7) . . . . . . . . . . . . . . . . . . . . . . . 43,245 113,400 $16.58 - $38.93 2015 - 2018
Total Non-Group Management Team
Members of the Board of Directors: . . . . . . . 10,405,594 1,401,932
Members of the Group Management Team
Bracken Darrell(8) . . . . . . . . . . . . . . . . . . . . . . 71,288 2,222,000 $8.03 2023
Vincent Pilette . . . . . . . . . . . . . . . . . . . . . . . . 165,806 370,000 n/a n/a
Erik Bardman(9) . . . . . . . . . . . . . . . . . . . . . . . 7,439 — n/a n/a
Marcel Stolk . . . . . . . . . . . . . . . . . . . . . . . . . 22,506 397,000 $7.83 2013
L. Joseph Sullivan. . . . . . . . . . . . . . . . . . . . . 35,107 630,750 $7.83 - $30.09 2016 - 2023
Total Group Management Team:. . . . . . . . . . 302,146 3,619,750
(1) Each option provides the right to purchase one share at the exercise price. For executive officers
(including members of the Group Management Team and Mr. Guerrino De Luca), the options became
exercisable over four years in equal annual installments from the date of grant. For non-executive
Directors, the options became exercisable over three years in equal annual installments from the
date of grant. Market-based options granted under the Company’s 2006 Stock Incentive Plan may
become exercisable at the later of two years from the grant date or upon meeting certain minimum
share price performance criteria. Premium-priced stock options granted under the Company’s 2012
Stock Inducement Equity Plan vested or vest if and only when Logitech's average closing share price,
over a consecutive ninety-day trading period, meets or exceeds the exercise price of the applicable
tranche of the three tranches of the grant. PRSUs granted to executive officers are market-based
restricted stock units that may vest upon meeting certain minimum share price performance criteria
measured against market conditions at the end of three years from the grant date. RSUs granted to
executive officers are time-based restricted stock units that vest in four equal annual installments
from the date of grant, except for some RSUs awarded to Mr. Guerrino De Luca and Mr. Vincent
Pilette that vest two years and one or three years from the date of grant, respectively. RSUs granted
to non-executive Directors vest in one annual installment.
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Annual Report Fiscal Year 2015