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LOGM > SEC Filings for LOGM > Form 8-K on 20-Aug-2013All Recent SEC Filings

Show all filings for LOGMEIN, INC.

Form 8-K for LOGMEIN, INC.


Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Effective August 16, 2013, the Board of Directors of LogMeIn, Inc. (the "Company") approved equity awards, including performance based Restricted Stock Unit awards ("RSUs") with performance vesting requirements, to certain named executive officers of the Company under the Company's Amended and Restated 2009 Stock Incentive Plan (the "Plan").

The performance RSUs will convert into actual shares of the Company's common stock based on the Company's level of attainment of a pre-established performance goal measured over an applicable performance period and the individual's continued service with the Company through the applicable performance period, subject to certain exceptions in connection with and following a change in control of the Company.

The performance vesting requirement is generally tied to the total shareholder return realized by the Company's stockholders over a (i) 2-year performance period beginning May 1, 2013 and ending on May 1, 2015, and (ii) 3-year performance period beginning on May 1, 2013 and ending on May 1, 2016 (each a "Performance Period"), both in relation to the total shareholder return realized for that same period by the Russell 2000 Index. The actual number of shares of the Company's common stock into which the performance RSUs will convert is calculated by multiplying the number of RSUs granted by a percentage ranging from 0% to 200% based on the actual level at which the applicable performance goal is attained, as certified by the Company's Compensation Committee.

The table below summarizes the 2013 performance RSU's awards made to the executive officers:

                                           Performance Share Award
                               Minimum          Target Number          Maximum
                              Number of        of Performance         Number of
                            Actual Shares          Shares           Actual Shares
       Michael K. Simon                  0              54,000             108,000
       James F. Kelliher                 0              20,000              40,000

The Company also awarded time-based RSU awards to Messrs. Simon, Donahue, Kelliher, Shaw and Ewing under the Plan.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number         Description

10.1                   Form of Restricted Stock Unit Agreement (Performance-based
                       Vesting) under the 2009 Stock Incentive Plan

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