SEC Form 4 · accession 0001121788-15-000007
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Straub
Officer — VP, Man. Director - Aviation
Period of report
May 29, 2015
Accepted (ET)
Jun 1, 2015 · 3:46 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 | May 29, 2015 | M | 8,000 | $21.59 | A | 44,988 | D | |
| Registered SharesF1 | May 29, 2015 | D | 3,757 | $45.97 | D | 41,231 | D | |
| Registered SharesF1 | May 29, 2015 | S | 4,243 | $45.97 | D | 36,988 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-settled stock appreciation rightF2 | $21.59 | May 29, 2015 | M | 8,000 | D | — | Jun 23, 2015 | Registered Shares | 8,000 | 0 | D |
Explanation of responses
- F1Includes: (a) 10,760 unvested shares acquired pursuant to previously granted restricted stock unit awards; and (b) 140 shares acquired in December 2014 under the Garmin Ltd. Employee Stock Purchase Plan.
- F2The stock appreciation right vested in five equal annual installments beginning on June 23, 2006.