Logitech 2015 Annual Report Download - page 97

Compensation Report for Fiscal Year 2015
87 | – Proxy Statement
2015 Annual General Meeting Invitation, Proxy Statement
Grants of Plan-Based Awards Table for Fiscal Year 2015
The following table sets forth certain information regarding grants of plan-based awards to each of our executive
officers during fiscal year 2015. For more information, please refer to “Compensation Disclosure and Analysis.”
Name Type
Grant Date
(MM/DD/YY)
Approval
Date
Estimated Future Payouts
Under Non-Equity
Incentive Plan Awards(1)
Estimated Future Payouts
Under Equity Incentive Plan
Awards
All
Other
Stock
Awards:
Number
of Shares
of Stock
or Units
(#)(3)
Grant
Date
Fair
Value
($)(4)
Threshold
($)
Target
($)
Maximum
($)
Actual
($)(2)
Threshold
(#)
Target
(#)
Maximum
(#)
Guerrino De Luca RSU 04/15/14 04/15/14 — — — — — — — 13,072 171,505
PSU(5) 04/15/14 04/15/14 — — — — 9,804 19,608 29,412 — 255,884
FY15
Bonus N/A N/A 187,500 500,000 1,000,000 565,000 — — — — —
Bracken Darrell RSU 04/15/14 04/15/14 — — — — — — — 134,840 1,769,101
PSU(5) 04/15/14 04/15/14 — — — — 101,130 202,260 303,390 — 2,639,493
FY15
Bonus N/A N/A 386,719 1,031,250 2,062,500 1,165,313 — — — — —
Vincent Pilette RSU 03/25/15 03/25/15 — — — — — — — 110,210 1,331,337
PSU(5) 03/25/15 03/25/15 — — — — 27,553 55,105 82,658 — 688,812
PSU(6) 03/25/15 03/25/15 — — — — 55,105 55,105 55,105 — 681,098
FY15
Bonus N/A N/A 150,000 400,000 800,000 560,000 — — — — —
Marcel Stolk RSU 04/15/14 04/15/14 — — — — — — — 25,358 329,714
PSU(5) 04/15/14 04/15/14 — — — — 19,019 38,037 57,056 — 496,383
FY15
Bonus(7) N/A N/A 169,366 451,643 903,285 546,492 — — — — —
L. Joseph Sullivan RSU 04/15/14 04/15/14 — — — — — — — 11,890 155,997
PSU(5) 04/15/14 04/15/14 — — — — 8,918 17,835 26,753 — 232,747
RSU 05/14/14 05/14/14 — — — — — — — 5,200 65,052
PSU(5) 05/14/14 05/14/14 — — — — 3,900 7,800 11,700 — 91,806
FY15
Bonus N/A N/A 120,234 320,625 641,250 362,306 — — — — —
(1) The amounts in these columns reflect potential payouts with respect to each applicable performance period for
the fiscal year 2015 bonus programs under the Bonus Plan described in “Compensation Discussion and Analysis”
above.
(2) Except as noted below, the amounts in this column reflect actual payouts with respect to each applicable
performance period for the fiscal year 2015 bonus programs under the Bonus Plan. The actual payout amounts
are reflected in the Non-Equity Incentive Plan Compensation column of the Summary Compensation Table for
fiscal year 2015. For fiscal year 2015, based on the unexpected and unprecedented level of currency fluctuation
during the second half of the fiscal year, the Compensation Committee exercised discretion and approved the
fiscal year 2015 revenue metric results with respect to the Bonus Plan using constant currency. Other than that
adjustment, the bonus payments for fiscal year 2015 followed the fiscal year 2015 bonus program under the Bonus
Plan established by the Compensation Committee at the beginning of the fiscal year.
(3) RSUs vest at a rate of 25% per year over four years, on each yearly anniversary of the grant date.