SEC Form 4 · accession 0001014108-16-000386
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Burrell
10% Owner
Period of report
Feb 23, 2016
Accepted (ET)
Feb 24, 2016 · 10:13 am EST
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 | Feb 23, 2016 | G | 6,240,000 | $0.00 | D | 3,062,000 | I | By trust |
| Registered SharesF2 | Feb 23, 2016 | G | 6,240,000 | $0.00 | A | 10,303,570 | I | By trust |
| Registered SharesF2 | Feb 23, 2016 | G | 2,880,000 | $0.00 | D | 7,423,570 | I | By trust |
| Registered SharesF5 | Feb 23, 2016 | G | 2,880,000 | $0.00 | A | 2,880,000 | I | By GRATs |
| Registered Shares | holding | — | — | — | 60,000 | I | By trust | |
| Registered SharesF3 | holding | — | — | — | 3,200,000 | I | By GRATs | |
| Registered SharesF4 | holding | — | — | — | 8,897,400 | I | By CLATs |
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.
- F3The reporting person is a co-trustee of 4 grantor retained annuity trust (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.
- 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.
- F5The reporting person is a co-trustee of 4 grantor retained annuity trust (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.