SEC Form 4 · accession 0001014108-15-000160
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Eller
Director
Period of report
May 13, 2015
Accepted (ET)
May 15, 2015 · 12:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001121788
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Registered SharesF1 | May 13, 2015 | M | 2,750 | $21.83 | A | 14,944 | D | |
| Registered Shares | holding | — | — | — | 500,000 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $21.83 | May 13, 2015 | M | 2,750 | D | — | Jun 6, 2015 | Registered Shares | 2,750 | 0 | D |
Explanation of responses
- F1Includes (a) 801 unvested shares that were acquired pursuant to an award of restricted stock units on June 1, 2012, (b) 1,914 unvested shares acquired pursuant to a grant of restricted stock units on June 7, 2013, and (c) 1,780 unvested shares acquired pursuant to the grant of restricted stock units on June 6, 2014.
- F2The stock option vested in three equal installments beginning on June 6, 2006.