SEC Form 4 · accession 0001014108-15-000227
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Eller
Director
Period of report
Aug 21, 2015
Accepted (ET)
Aug 24, 2015 · 6:05 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 SharesF2 | Aug 21, 2015 | S | 70,000 | $39.00 | D | 430,000 | I | by Trust |
| Registered SharesF1 | holding | — | — | — | 17,359 | D |
Table II — derivative securities
No Table II lines on this filing.
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 reporting person contributed Garmin Ltd. common stock to an exchange fund in exchange for shares of the exchange fund. The Garmin Ltd. common stock was valued at $39.00 per share for the purpose of determining the number of shares of the exchange fund issuable to the reporting person.