SEC Form 4/A · accession 0001014108-16-000471
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Jonathan Burrell
10% Owner
Period of report
Nov 30, 2015
Accepted (ET)
Aug 5, 2016 · 11:27 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 SharesF3,F2 | Dec 7, 2015 | G | 3,520,000 | $0.00 | D | 3,743,570 | I | By trust |
| Registered SharesF4,F5 | Dec 7, 2015 | G | 3,520,000 | $0.00 | A | 3,520,000 | I | By GRATs |
| Registered Shares | holding | — | — | — | 60,000 | I | By trust | |
| Registered SharesF1 | holding | — | — | — | 9,302,000 | I | By trust | |
| Registered SharesF2 | holding | — | — | — | 7,263,570 | I | By trust | |
| Registered SharesF6 | holding | — | — | — | 9,000,000 | 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 gift of securities reflected here previously was incorrectly reported as relating to 3,200,000 shares rather than 3,520,000 shares. As a result, the remaining shares held by the revocable trust of the reporting person's mother was overstated by 320,000 shares in the reporting person's original Form 4 that reported such gift and in the reporting person's three subsequently filed Form 4 reports.
- F4The gift of securities reflected here previously was incorrectly reported as relating to 3,200,000 shares rather than 3,520,000 shares. As a result, the shares held by the 4 grantor retained annuity trust (GRATs) established by the reporting person's mother was understated by 320,000 shares in the reporting person's original Form 4 that reported such gift and in the reporting person's three subsequently filed Form 4 reports.
- 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.
- F6The 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.