0001209191-19-023619.txt : 20190404
0001209191-19-023619.hdr.sgml : 20190404
20190404160623
ACCESSION NUMBER: 0001209191-19-023619
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190401
FILED AS OF DATE: 20190404
DATE AS OF CHANGE: 20190404
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Srinivasan Padmanabhan T
CENTRAL INDEX KEY: 0001761862
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34391
FILM NUMBER: 19732316
MAIL ADDRESS:
STREET 1: C/O LOGMEIN, INC.
STREET 2: 333 SUMMER STREET
CITY: BOSTON
STATE: MA
ZIP: 02210
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LogMeIn, Inc.
CENTRAL INDEX KEY: 0001420302
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 201515952
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 320 SUMMER STREET, SUITE 100
CITY: BOSTON
STATE: MA
ZIP: 02210
BUSINESS PHONE: 781-638-9094
MAIL ADDRESS:
STREET 1: 320 SUMMER STREET, SUITE 100
CITY: BOSTON
STATE: MA
ZIP: 02210
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-04-01
0
0001420302
LogMeIn, Inc.
LOGM
0001761862
Srinivasan Padmanabhan T
C/O LOGMEIN, INC.
333 SUMMER STREET
BOSTON
MA
02210
0
1
0
0
SVP & GM, CES
Restricted Stock Units
2019-04-01
2019-04-01
4
A
0
12000
0.00
A
Common Stock
12000
12000
D
Performance RSUs
2019-04-01
2019-04-01
4
A
0
4000
0.00
A
Common Stock
4000
4000
D
Performance RSUs
2019-04-01
2019-04-01
4
A
0
4000
0.00
A
Common Stock
4000
4000
D
Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
The restricted stock units shall vest in three equal installments over a three-year period commencing on the first anniversary of the date of grant so that 100% of the restricted stock units will be vested as of April 1, 2022. These restricted stock units also provide for accelerated vesting in the event that the Reporting Person's employment is terminated in connection with an acquisition of the Issuer.
Each Performance RSU represents a contingent right to receive one share of the Issuer's common stock; the number of Performance RSUs granted represents the maximum number of Performance RSUs that can be earned by the Reporting Person.
100% of shares subject to the PRSUs shall vest on March 1, 2021 subject to (a) the Issuer's achievement of a fiscal year 2020 non-GAAP revenue target and (b) the Reporting Person continuing to be an employee, officer or director of, the Issuer on the vesting date. The actual number of shares of the Issuer's common stock into which the Performance RSUs will convert will be calculated by multiplying the target number of Performance RSUs (2,000) by a percentage ranging from 0% to 200% based on the actual level at which the performance goal is attained. These PRSUs also provide for accelerated vesting in the event that the Reporting Person's employment is terminated in connection with an acquisition of the Issuer.
The vesting of these Performance RSUs is tied to the achievement of a performance goal, which is measured as the total shareholder return, or TSR, realized by the Issuer's stockholders for the three-year performance period from April 1, 2019 to April 1, 2022 versus the TSR realized for that same period by the S&P North American Technology Software Index. The actual number of shares of the Issuer's common stock into which the Performance RSUs will convert will be calculated by multiplying the target number of Performance RSUs (2,000) by a percentage ranging from 0% to 200% based on the actual level at which the performance goal is attained. These Performance RSUs also provide for accelerated vesting in the event that the Reporting Person's employment is terminated in connection with an acquisition of the Issuer.
Michael J. Donahue, Attorney-in-fact
2019-04-04