Filing Details
- Accession Number:
- 0001127602-18-008608
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-02-27 10:48:42
- Reporting Period:
- 2018-02-23
- Accepted Time:
- 2018-02-27 10:48:42
- 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 | 2018-02-23 | 20,000 | $50.97 | 65,494 | No | 4 | M | Direct | |
| Registered Shares | Disposition | 2018-02-23 | 18,071 | $60.39 | 47,423 | No | 4 | F | Direct | |
| Registered Shares | Disposition | 2018-02-23 | 1,929 | $60.61 | 45,494 | No | 4 | S | Direct | |
| Registered Shares | Acquisiton | 2018-02-25 | 4,281 | $0.00 | 49,775 | No | 4 | A | Direct | |
| Registered Shares | Disposition | 2018-02-25 | 1,213 | $60.35 | 48,562 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | A | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Registered Shares | Stock Appreciation Right | Disposition | 2018-02-23 | 20,000 | $0.00 | 20,000 | $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 |
Footnotes
- Includes 13,142 unvested shares acquired pursuant to previously granted restricted stock unit awards and 69 shares acquired by the reporting person in December 2017 under the Garmin Ltd. Employee Stock Purchase Plan
- Consists of (i) 16,881 shares withheld to cover the exercise price of the stock appreciation rights and (ii) 1,190 shares withheld to pay the resulting tax liability.
- Shares acquired pursuant to a restricted stock units award granted in February 2017 that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. The award vests in three equal annual installments beginning on February 25, 2018.
- Includes 13,142 unvested shares acquired pursuant to previously granted restricted stock unit awards and the 4,281 unvested shares acquired pursuant to the restricted stock units award described in Footnote 3.
- 1,427 shares that were acquired by the reporting person pursuant to the restricted stock units award described in Footnote 3 and 1,927 shares that were acquired by the reporting person pursuant to another previously granted restricted stock units award vested and were paid to the reporting person. Of these shares, 1,213 shares were withheld to pay a resulting tax liability.
- Includes 11,215 unvested shares acquired pursuant to previously granted restricted stock units awards and 2,854 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 3.
- The stock appreciation right vested in five equal annual installments commencing on June 6, 2009.
Billionaire Hedge Funds
