SEC Form 4 · accession 0001014108-18-000172
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Min H Kao
Officer — Executive Chairman · Director · 10% Owner
Period of report
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 12:23 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 SharesF1,F2 | Jul 26, 2018 | S | 50,000 | $63.55 | D | 4,425,904 | D | |
| Registered SharesF1,F3 | Jul 27, 2018 | S | 100,000 | $63.06 | D | 4,325,904 | D | |
| Registered Shares | holding | — | — | — | 24,332,539 | I | By Children | |
| Registered SharesF4 | holding | — | — | — | 5,207,824 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sale of shares pursuant to a Rule 10b5-1 trading plan adopted on March 2, 2018.
- F2This transaction was executed in multiple trades at prices ranging from $63.06 to $63.84. The price reported above is the weighted average sales price. The reporting person undertakes to provide, upon request, to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price with the range.
- F3This transaction was executed in multiple trades at prices ranging from $62.77 to $63.87. The price reported above is the weighted average sales price. The reporting person undertakes to provide, upon request, to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price with the range.
- F4The reporting person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares.