Filing Details
- Accession Number:
- 0001127602-21-010900
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-17 09:34:05
- Reporting Period:
- 2021-03-15
- Accepted Time:
- 2021-03-17 09:34:05
- 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 |
|---|---|---|---|---|---|---|---|
| 1450652 | G. Douglas Boessen | 1200 E. 151St St. Olathe KS 66062 | Cfo And Treasurer | 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 | 2021-03-15 | 12,680 | $52.44 | 53,402 | No | 4 | M | Direct | |
| Registered Shares | Disposition | 2021-03-15 | 8,095 | $128.11 | 45,307 | No | 4 | F | Direct | |
| Registered Shares | Disposition | 2021-03-15 | 4,975 | $127.61 | 40,332 | No | 4 | S | Direct | |
| Registered Shares | Disposition | 2021-03-15 | 2,279 | $127.96 | 38,053 | No | 4 | S | Direct | |
| Registered Shares | Disposition | 2021-03-16 | 1,232 | $127.13 | 36,821 | No | 4 | S | Direct | |
| Registered Shares | Disposition | 2021-03-16 | 2,072 | $128.10 | 34,749 | No | 4 | S | Direct | |
| Registered Shares | Disposition | 2021-03-16 | 1,281 | $128.96 | 33,468 | No | 4 | S | 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 | S | 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 |
|---|---|---|---|---|---|---|---|
| Registered Shares | Stock Appreciation Right | Disposition | 2021-03-15 | 12,680 | $0.00 | 12,680 | $52.44 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2025-12-15 | No | 4 | M | Direct |
Footnotes
- Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 1, 2021.
- Includes 11,469 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- Consists of (i) 5,190 shares withheld to cover the exercise price of the stock appreciation rights and (ii) 2,905 shares withheld to pay the resulting tax liability.
- This transaction was executed in multiple trades at prices ranging from $126.905 to $127.900. 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 $127.905 to $128.055. 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 $126.710 to $127.575. 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 $127.760 to $128.725. 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 $128.80 to $129.26. 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 award vested in five equal annual installments, beginning on December 15, 2015.
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