Filing Details
- Accession Number:
- 0001121788-17-000029
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-11-15 10:56:46
- Reporting Period:
- 2017-11-13
- Accepted Time:
- 2017-11-15 10:56:46
- 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 |
|---|---|---|---|---|---|---|---|
| 1264835 | A Clifton Pemble | 1200 E. 151St St. Olathe KS 66062 | President And Ceo | Yes | 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 | Disposition | 2017-11-10 | 1,799 | $0.00 | 111,402 | No | 5 | G | Direct | |
| Registered Shares | Acquisiton | 2017-11-13 | 25,000 | $50.97 | 136,402 | No | 4 | M | Direct | |
| Registered Shares | Disposition | 2017-11-13 | 22,587 | $60.83 | 113,815 | No | 4 | F | Direct | |
| Registered Shares | Disposition | 2017-11-13 | 2,413 | $60.30 | 111,402 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 5 | G | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Registered Shares | Stock-settled stock appreciation right | Disposition | 2017-11-13 | 25,000 | $0.00 | 25,000 | $50.97 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2018-06-06 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Registered Shares | 255 | Indirect | By Child |
Footnotes
- On November 10, 2017, the reporting person gifted 1,799 shares to a charitable organization.
- Includes 45,356 unvested shares acquired pursuant to previously granted restricted stock units awards.
- Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2017.
- Consists of (i) 20,948 shares withheld to cover the exercise price of the stock appreciation rights and (ii) 1,639 shares withheld to pay the resulting tax liability.
- This transaction was executed in multiple trades at prices ranging from $60.07 to $60.50. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
- The stock appreciation right vested in five equal annual installments commencing on June 6, 2009.
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