Logitech 2015 Annual Report Download - page 60

– Proxy Statement | 50
Security Ownership
2015 Annual General Meeting Invitation, Proxy Statement
* Less than 1%
(1) Unless otherwise indicated, the address for each beneficial owner listed in this table is c/o Logitech International
S.A., EPFL, Quartier de l’Innovation, Daniel Borel Innovation Center, 1015 Lausanne, Switzerland / 7700 Gateway
Boulevard, Newark, California 94560.
(2) To Logitech’s knowledge, except as otherwise noted in the footnotes to this table, each director and executive
officer has sole voting and investment power over the shares reported as beneficially owned in accordance with
SEC rules, subject to community property laws where applicable.
(3) Includes shares represented by vested, unexercised options as of June 30, 2015 and options and restricted stock
units that are expected to vest within 60 days after June 30, 2015. These shares are deemed to be outstanding
for the purpose of computing the percentage ownership of the person holding the options or restricted stock units,
but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.
(4) Based on 164,430,567 shares outstanding on June 30, 2015 (173,106,620 shares outstanding less 8,676,053
treasury shares outstanding).
(5) Based on information set forth in a Schedule 13G filed with the U.S. Securities and Exchange Commission on
February 12, 2015 by Credit Suisse AG, reporting ownership of Logitech’s shares as of December 31, 2014, and
indicating shared investment and voting power with respect to all of the shares. The address of Credit Suisse AG
is Uetlibergstrasse 231, P.O. Box 900, CH 8070, Zurich, Switzerland.
(6) The number of shares held by Mr. Borel includes (a) 53,000 shares held by a charitable foundation, of which
Mr. Borel and other members of his family are board members and (b) 6,500 shares held by Mr. Borel’s spouse.
As of June 30, 2015, Mr. Borel’s indicated sole investment and voting power with respect to 9,204,538 shares,
shared investment power with respect to 59,500 shares and shared voting power with respect to 53,000 shares.
(7) Mr. Panayotopoulos was first elected as a director of the Company at the Annual General Meeting on
December 18, 2014.
Share Ownership Guidelines
Members of the Board of Directors and executive
officers and other officers who report directly to the
Chief Executive Officer or President are subject to share
ownership guidelines.
Directors are required to own Logitech shares with a
market value equal to 3 times the annual Board retainer
under guidelines adopted by the Board in June 2006 and
revised in June 2013. Directors are required to achieve
this ownership within five years of joining the Board, or,
in the case of directors serving at the time the guidelines
were originally adopted, within five years of the effective
date of adoption of the guidelines. The guidelines will
be adjusted to reflect any capital adjustments, and will
be re-evaluated by the Board from time to time. As of
June 30, 2015, each director had either satisfied these
ownership guidelines or had time remaining to do so.
The Compensation Committee adopted share ownership
guidelines for executive officers and other officers who
report directly to the Chief Executive Officer or President
effective September 2008 and revised in September
2013. These guidelines now apply to executive officers
and other officers who report directly to the Chief
Executive Officer. These guidelines require:
• the Chief Executive Officer to hold a number of
Logitech shares with a market value equal to 5 times
his annual base salary;