Home > Insider Trading > Filing (0001121788-11-000023)

Filing Details

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
1239788	Kevin Rauckman	1200 East 151St Street Olathe KS 66062	Chief Financial Officer	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
Common Shares	Acquisiton	2011-11-07	10,000	$10.38	39,292	No	4	M	Direct
Common Shares	Disposition	2011-11-07	10,000	$35.66	29,292	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Employee stock option (right to buy)	Disposition	2011-11-07	10,000	$0.00	10,000	$10.38

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2011-12-21	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	300	Indirect	By children
Common Shares	5,100	Indirect	By spouse

Footnotes

The stock option vested in five equal annual installments, beginning on December 21, 2002.
The number of shares in Column 5 of Table I includes (a) 9,000 unvested shares that were acquired in December 2008 pursuant to a grant of 15,000 restricted stock units (the award vests in five equal annual installments beginning December 2009), (b) 5,336 unvested shares that were acquired in December 2009 pursuant to a grant of 6,670 restricted stock units (the award vests in five equal annual installments beginning December 2010), (c) 6,665 unvested shares that were acquired in December 2010 pursuant to a grant of 6,665 restricted stock units (the award vests in five equal annual installments beginning December 2011), and (d) 378 shares that were purchased for the reporting person's account in June 2011 as a participant in the Garmin Ltd. Employee Stock Purchase Plan.
The price reported in Row 2, Column 4 of Table I is a weighted average price. The Common Shares were sold in separate transactions on the same day at prices ranging from $35.59 to $35.77 per share. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the range set forth above.