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Filing Details

Accession Number:: 0001014108-21-000126
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-06-01 10:25:14
Reporting Period:: 2021-05-28

Accepted Time:: 2021-06-01 10:25:14
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
1134084	Jonathan Burrell	6300 West 143Rd Street Overland Park KS 66223		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Registered Shares	Acquisiton	2021-05-28	960,000	$0.00	2,058,151	No	5	G	Indirect	By trust
Registered Shares	Disposition	2021-05-28	84,237	$142.58	1,973,914	No	4	S	Indirect	By trust
Registered Shares	Disposition	2021-05-28	960,000	$0.00	9,985,420	No	5	G	Indirect	By GRATs

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	G	Indirect	By trust
No	4	S	Indirect	By trust
No	5	G	Indirect	By GRATs

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Registered Shares	5,258	Direct
Registered Shares	30,000	Indirect	By trust
Registered Shares	8,948,049	Indirect	By CLATs
Registered Shares	469,358	Indirect	By trust
Registered Shares	43,478	Indirect	By LLC

Footnotes

Consists of (a) 2,799 Registered Shares, and (b) unvested RSUs awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares, which RSUs consist of: (i) RSUs granted on June 5, 2020 that vest as to 1,594 shares on June 5, 2021; and (ii) RSUs granted on June 8, 2018 that vest as to 865 shares on June 8, 2021.
The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The sale of Registered Shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the revocable trust of the reporting person's mother on May 14, 2021.
The price reported here in Column 4 is a weighted average price, and reflects the sale of Registered Shares in multiple transactions at per share prices ranging from $142.185 to $143.135, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The reporting person is a co-trustee of several charitable lead annuity trusts (CLATs) and holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
The reporting person is the manager of a limited liability company, which is wholly-owned by a GRAT remainder trust established for the reporting person's benefit.