Filing Details
- Accession Number:
- 0001121788-12-000050
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-12-19 10:47:49
- Reporting Period:
- 2012-12-17
- Filing Date:
- 2012-12-19
- Accepted Time:
- 2012-12-19 10:47:49
- 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 |
|---|---|---|---|---|---|---|---|
| 1239784 | R Andrew Etkind | Muehlentalstrasse 2 Schaffhausen V8 8200 | Vp, General Counsel, Secretary | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Registered Shares | Acquisiton | 2012-12-17 | 17,000 | $27.27 | 65,255 | No | 4 | M | Direct | |
| Registered Shares | Acquisiton | 2012-12-17 | 10,000 | $19.94 | 75,255 | No | 4 | M | Direct | |
| Registered Shares | Acquisiton | 2012-12-17 | 10,000 | $21.59 | 85,255 | No | 4 | M | Direct | |
| Registered Shares | Disposition | 2012-12-17 | 5,257 | $41.07 | 79,998 | No | 4 | D | Direct | |
| Registered Shares | Disposition | 2012-12-17 | 1,703 | $41.07 | 78,295 | No | 4 | F | Direct | |
| Registered Shares | Disposition | 2012-12-17 | 12,101 | $40.98 | 66,194 | No | 4 | S | Direct | |
| Registered Shares | Disposition | 2012-12-17 | 14,899 | $40.95 | 51,295 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | D | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Registered Shares | Employee stock option (right to buy) | Disposition | 2012-12-17 | 17,000 | $0.00 | 17,000 | $27.27 |
| Registered Shares | Employee stock option (right to buy) | Disposition | 2012-12-17 | 10,000 | $0.00 | 10,000 | $19.94 |
| Registered Shares | Stock appreciation right | Disposition | 2012-12-17 | 10,000 | $0.00 | 10,000 | $21.59 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2013-12-23 | No | 4 | M | Direct | |
| 0 | 2014-09-23 | No | 4 | M | Direct | |
| 0 | 2015-06-23 | No | 4 | M | Direct |
Footnotes
- Includes (a) 3,999 unvested shares acquired pursuant to an award of 6,665 restricted stock units on December 10, 2010 (the award vests in five equal annual installments), (b) 2,668 unvested shares acquired pursuant to an award of 6,670 restricted stock units on December 11, 2009 (the award vests in five equal annual installments), (c) 3,000 unvested shares that were acquired pursuant to a grant of 15,000 restricted stock units on December 12, 2008 (the award vests in five equal annual installments), (d) 4,296 unvested shares that were acquired pursuant to the award of 5,370 restricted stock units on December 14, 2011 (the award vests in five equal annual installments ), and (e) 5,127 unvested shares that were acquired pursuant to a grant of 5,127 restricted stock units on December 10, 2012 (the award vests in three equal annual installments).
- This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $40.97 to $40.99 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 Registered Shares sold at each separate price within the range set forth in this Footnote.
- This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $40.95 to $40.97 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 Registered Shares sold at each separate price within the range set forth in this Footnote.
- The stock option vested in five equal annual installments beginning on December 23, 2004.
- The stock option vested in five equal annual installments beginning on Septemeber 23, 2005.
- The stock appreciation right vested in five equal annual installments beginning on June 23, 2006.
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