Filing Details
- Accession Number:
- 0001127602-20-021800
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-07-20 11:54:17
- Reporting Period:
- 2020-07-16
- Accepted Time:
- 2020-07-20 11:54:17
- 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 | Acquisiton | 2020-07-16 | 19,246 | $49.07 | 169,701 | No | 4 | M | Direct | |
| Registered Shares | Acquisiton | 2020-07-16 | 34,415 | $52.44 | 204,116 | No | 4 | M | Direct | |
| Registered Shares | Disposition | 2020-07-16 | 38,941 | $101.04 | 165,175 | No | 4 | F | Direct | |
| Registered Shares | Disposition | 2020-07-17 | 12,439 | $99.80 | 152,736 | No | 4 | S | Direct | |
| Registered Shares | Disposition | 2020-07-17 | 2,281 | $100.49 | 150,455 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | 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 | Stock Appreciation Right | Disposition | 2020-07-16 | 19,246 | $0.00 | 19,246 | $49.07 |
| Registered Shares | Stock Appreciation Right | Disposition | 2020-07-16 | 34,415 | $0.00 | 34,415 | $52.44 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2023-12-10 | No | 4 | M | Direct | |
| 0 | 2024-12-15 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Registered Shares | 255 | Indirect | By Child |
Footnotes
- Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2020.
- Includes 43,629 unvested shares acquired pursuant to previously granted restricted stock unit awards and 191 shares acquired by the reporting person in June 2020 under the Garmin Ltd. Employee Stock Purchase Plan.
- Consists of (i) 27,208 shares withheld to cover the exercise price of the stock appreciation rights and (ii) 11,733 shares withheld to pay the resulting tax liability.
- This transaction was executed in multiple trades at prices ranging from $99.21 to $100.20. 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.
- This transaction was executed in multiple trades at prices ranging from $100.22 to $100.90. 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 vests in five equal annual installments beginning on December 10, 2013.
- The award vests in five equal annual installments, beginning on December 15, 2015.
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