Filing Details
- Accession Number:
- 0001121788-10-000025
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-11-10 07:34:29
- Reporting Period:
- 2010-11-08
- Filing Date:
- 2010-11-10
- Accepted Time:
- 2010-11-10 07:34:29
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1121788 | Garmin Ltd | GRMN | Search, Detection, Navagation, Guidance, Aeronautical Sys (3812) | 980229227 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1239788 | Kevin Rauckman | 1200 East 151St Street Olathe KS 66062 | Chief Financial Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Shares | Disposition | 2010-11-08 | 2,990 | $30.49 | 23,091 | No | 4 | S | Direct | |
| Common Shares | Acquisiton | 2010-11-08 | 10,601 | $14.90 | 33,692 | No | 4 | M | Direct | |
| Common Shares | Acquisiton | 2010-11-08 | 4,399 | $14.90 | 38,091 | No | 4 | M | Direct | |
| Common Shares | Disposition | 2010-11-08 | 15,000 | $30.48 | 23,091 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Shares | Employee Stock Option (Right to Buy) | Disposition | 2010-11-08 | 10,601 | $0.00 | 10,601 | $14.90 |
| Common Shares | Employee Stock Option (Right to Buy) | Disposition | 2010-11-08 | 4,399 | $0.00 | 4,399 | $14.90 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 4,399 | 2012-12-26 | No | 4 | M | Direct | |
| 0 | 2012-12-26 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Shares | 300 | Indirect | By children |
| Common Shares | 5,100 | Indirect | By spouse |
Footnotes
- The price reported in Column 4 is a weighted average price. The Common Shares were sold in separate transactions on the same day at prices ranging from $30.48 to $30.49 per share. The reporting person undertakes toprovide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within therange set forth in this Footnote.
- The number of shares reported in Column 5 includes: (a) 12,000 Common Shares that were acquired on December 12, 2008 pursuant to a grant of 15,000 restricted stock units under the Garmin Ltd. 2005 EquityIncentive Plan, which award vests in five equal annual installments beginning December 12, 2009; (b) 6,670 Common Shares that were acquired on December 11, 2009 pursuant to a grant of restricted stock units under theGarmin Ltd. 2005 Equity Incentive Plan, which award vests in five equal annual installments beginning December 11, 2010; and (c) 295 shares that were purchased for the reporting person's account under the Garmin Ltd. Employee Stock Purchase Plan in June 2010.
- The stock option vested in five equal annual installments commencing on December 26, 2003.
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