SEC Form 4 · accession 0001121788-15-000009
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pao-Chang Huang
Officer — General Manager - Garmin Corp.
Period of report
May 19, 2015
Accepted (ET)
Jun 4, 2015 · 6:32 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 19, 2015 | M | 8,000 | $21.59 | A | 37,643 | D | |
| Registered SharesF1 | May 19, 2015 | D | 3,763 | $45.91 | D | 33,880 | D | |
| Registered SharesF1 | May 19, 2015 | S | 4,237 | $45.91 | D | 29,643 | D | |
| Registered SharesF1 | May 19, 2015 | M | 11,000 | $30.66 | A | 40,643 | D | |
| Registered SharesF1 | May 19, 2015 | D | 7,347 | $45.91 | D | 33,296 | D | |
| Registered SharesF1 | May 19, 2015 | S | 3,653 | $45.91 | D | 29,643 | 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 19, 2015 | M | 8,000 | D | — | Jun 23, 2015 | Registered Shares | 8,000 | 0 | D |
| Stock-Settled Stock Appreciation RightF3 | $30.66 | May 19, 2015 | M | 11,000 | D | — | Dec 16, 2015 | Registered Shares | 11,000 | 0 | D |
Explanation of responses
- F1Includes 9,002 unvested shares acquired pursuant to restricted stock unit awards previously granted.
- F2The stock appreciation right vested in five equal annual installments beginning on June 23, 2006.
- F3The stock appreciation right vested in five equal annual installments beginning on December 16, 2006.