SEC Form 4 · accession 0001014108-17-000185
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Burrell
10% Owner
Period of report
Nov 13, 2017
Accepted (ET)
Nov 13, 2017 · 6:27 pm 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 SharesF3 | Nov 13, 2017 | S | 127,000 | $60.3701 | D | 9,628,200 | I | By GRATs |
| Registered Shares | holding | — | — | — | 40,000 | I | By trust | |
| Registered SharesF1 | holding | — | — | — | 5,286,870 | I | By trust | |
| Registered SharesF2 | holding | — | — | — | 8,720,050 | 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 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.
- F2The reporting person is a co-trustee of several 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.
- F3The reporting person is a co-trustee of several grantor retained annuity trusts (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.