How is the time complexity of the following while loop will be O(logn)?

Let N=16, number of iteration is

i | loop
--------
16 | 1
8  | 2
4  | 3
2  | 4 
1  | 5

You can see log2(16) = 4 and the number of iterations is log2(16) + 1. Or you can create a formulation for it f(N) = F(N/2) + 1. Let suppose we have N = 2^K and so we have:

F(N) = F(N/2) + 1 
F(N) = F(N/4) + 1 + 1 
F(N) = F(N/8) + 1 + 1 + 1 = F(N/(2^3)) + 3
...
...
...
F(N) = F(N/2^K) + K => F(2^K/2^K) + K => F(1) + K => 1 + K

So if N = 2K Then K = log2(N)