SEC Form 4 · accession 0001014108-15-000209
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Burrell
10% Owner
Period of report
Jul 31, 2015
Accepted (ET)
Aug 5, 2015 · 11:31 am 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 | Jul 31, 2015 | G | 3,000,000 | $0.00 | D | 15,702,000 | I | By trust |
| Registered SharesF2 | Jul 31, 2015 | G | 3,000,000 | $0.00 | A | 3,863,570 | I | By trust |
| Registered SharesF3,F2 | Aug 3, 2015 | G | 3,000,000 | $0.00 | D | 863,570 | I | By trust |
| Registered Shares | holding | — | — | — | 60,000 | I | By trust | |
| Registered SharesF4 | holding | — | — | — | 9,000,000 | I | By charitable lead annuity trusts |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person is a co-trustee of his father's revocable trust and is his father'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.
- F2The 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.
- F3These securities were donated by the revocable trust of the reporting person's mother to three charitable remainder unitrusts (CRUTs). The reporting person has no pecuniary interest or remainder interest in any of the securities held by the CRUTs.
- F4The reporting person is a co-trustee of three 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.