Statement of Changes in Beneficial Ownership (4)
31 August 2020 - 10:06PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Wagner William Raymond |
2. Issuer Name and Ticker or Trading Symbol
LogMeIn, Inc.
[
LOGM
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CEO |
(Last)
(First)
(Middle)
C/O LOGMEIN, INC., 320 SUMMER STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/31/2020 |
(Street)
BOSTON, MA 02210
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, par value $0.01 per share | 8/31/2020 | | D | | 192100 | D | (1) | 0 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units (2) | $0.00 | 8/31/2020 | | D | | | 39683 | 8/31/2020 (3) | (3) | Common Stock, par value $0.01 per share | 39683 | (3) | 0 | D | |
Restricted Stock Units (4) | $0.00 | 8/31/2020 | | D | | | 23077 | 8/31/2020 (5) | (5) | Common Stock, par value $0.01 per share | 23077 | (5) | 0 | D | |
Stock Option (Right to Buy) | $24.49 | 8/31/2020 | | D | | | 17500 | 8/31/2020 (6) | 5/23/2023 | Common Stock, par value $0.01 per share | 17500 | (6) | 0 | D | |
Explanation of Responses: |
(1) | At the effective time of the merger contemplated by the Agreement and Plan of Merger, dated as of December 17, 2019, by and among LogMeIn, Inc. (the "Company"), Logan Parent, LLC, and Logan Merger Sub, Inc. (the "Effective Time"), each issued and outstanding share of common stock of the Company (each, a "Share") held by Mr. Wagner was converted into the right to receive $86.05 in cash, without interest. |
(2) | Represents restricted stock units subject only to service-based vesting conditions (a "Company RSU") under the Company's stock plans. |
(3) | At the Effective Time, each outstanding Company RSU under the Company's stock plans was converted into the right to receive an amount in cash (without interest) equal to the product obtained by multiplying (i) the total number of Shares subject to such Company RSU immediately prior to the Effective Time by (ii) $86.05, and otherwise remains subject to the same vesting and settlement schedule and other terms and conditions applicable to such Company RSU immediately prior to the Effective Time. |
(4) | Represents restricted stock units subject to performance-based vesting conditions or a requirement to satisfy performance conditions to earn the Shares covered thereby (a "Company P-RSU") under the Company's stock plans. |
(5) | At the Effective Time, each outstanding Company P-RSU subject to revenue-based vesting conditions under the Company's stock plans was converted into the right to receive an amount in cash (without interest) equal to the product obtained by multiplying (i) the total number of earned Shares subject to such Company P-RSU immediately prior to the Effective Time based on the actual performance through the Effective Time by (ii) $86.05, and otherwise remains subject to the same vesting and settlement schedule and other terms and conditions applicable to such Company P-RSU immediately prior to the Effective Time. |
(6) | At the Effective Time, each outstanding option to purchase Shares (a "Company Option") (whether vested or unvested) was cancelled and converted into the right to receive an amount in cash (without interest) equal to the product obtained by multiplying (i) the total number of Shares subject to such Company Option immediately prior to the Effective Time by (ii) the excess, if any, of $86.05 over the exercise price per Share of such Company Option. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Wagner William Raymond C/O LOGMEIN, INC. 320 SUMMER STREET BOSTON, MA 02210 | X |
| President & CEO |
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Signatures
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Michael J. Donahue, Attorney-in-Fact | | 8/31/2020 |
**Signature of Reporting Person | Date |
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