Filing Details
- Accession Number:
- 0001121788-10-000006
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2010-03-26 13:00:00
- Reporting Period:
- 2010-03-25
- Filing Date:
- 2010-03-26
- Accepted Time:
- 2010-03-26 11:54:47
- Original Submission Date:
- 2010-03-25
- 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 | 1200 East 151St Street Olathe KS 66062 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Shares | Acquisiton | 2010-03-25 | 10,000 | $19.94 | 47,108 | No | 4 | M | Direct | |
| Common Shares | Acquisiton | 2010-03-25 | 10,000 | $14.90 | 57,108 | No | 4 | M | Direct | |
| Common Shares | Disposition | 2010-03-25 | 20,000 | $39.83 | 37,108 | No | 4 | S | Direct | |
| Common Shares | Disposition | 2010-03-25 | 2,960 | $40.16 | 34,148 | No | 4 | S | Direct | |
| Common Shares | Disposition | 2010-03-25 | 640 | $40.19 | 33,508 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | 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 |
|---|---|---|---|---|---|---|---|
| Common Shares | Employee stock option (right to buy) | Disposition | 2010-03-25 | 10,000 | $0.00 | 10,000 | $19.94 |
| Common Shares | Employee stock option (right to buy) | Disposition | 2010-03-25 | 10,000 | $0.00 | 10,000 | $14.90 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,000 | 2014-09-23 | No | 4 | M | Direct | |
| 7,000 | 2012-12-26 | No | 4 | M | Direct |
Footnotes
- The purpose of this Amendment is to correct the numbers of shares reported in Column 5 on the Form 4 filed on March 25, 2010. The Form 4 filed on March 25, 2010 incorrectly stated that 3,000 shares were paid to the reporting person in December 2009 upon vesting of restricted stock units that were awarded to him in December 2008; the correct number of these shares is 2,057 because 943 shares were withheld for tax purposes. Accordingly, all of the numbers in Column 5 have been decreased by 943 shares in this Amendment.
- 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 $39.820 to $39.854 per share. The reporting person undertakes to provide 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 the range set forth in this Footnote.
- 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 $40.14 to $40.18 per share. The reporting person undertakes to provide 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 the range set forth in this Footnote.
- The number of Common Shares reported in Column 5 includes (a) 1,115 shares held in the 401(k) Plan, (b) 2,057 shares net of tax withholding that were paid to the reporting person in December 2009 upon vesting of restricted stock units that were awarded to him in December 2008, (c) 12,000 unvested shares acquired pursuant to an award of 15,000 restricted stock units in December 2008 (the award vests in five equal installments beginning in December 2009), (d) 6,670 unvested shares acquired pursuant to an award of 6,670 restricted stock units in December 2009 (the award vests in five equal installments beginning in December 2010), and (e) 328 shares that were purchased for the reporting person's account in December 2009 as a participan in the Garmin Ltd. Employee Stock Purchase Plan.
- The stock option vested in five equal annual installments beginning on September 23, 2005.
- The stock option vested in five equal annual installments beginning on December 26, 2003.
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