SEC Form 4 · accession 0001121788-15-000011
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Poberezny
Director
Period of report
Jun 5, 2015
Accepted (ET)
Jun 9, 2015 · 2:43 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 | Jun 1, 2015 | F | 200 | $45.39 | D | 8,466 | D | |
| Registered SharesF3,F4 | Jun 5, 2015 | A | 3,002 | $0.00 | A | 11,468 | D | |
| Registered SharesF5,F6 | Jun 6, 2015 | F | 148 | $45.26 | D | 11,320 | D | |
| Registered SharesF7,F8 | Jun 7, 2015 | F | 239 | $45.26 | D | 11,081 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 1, 2015, 801 shares that were acquired pursuant to an award of restricted stock units on June 1, 2012 vested and were released to the reporting person. Of these 801 shares, 200 were withheld to pay a resulting tax liability.
- F2Includes a total of 3,694 unvested shares that were acquired pursuant to previously granted restricted stock units awards.
- F3Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan. The award vests in three equal annual installments beginning on June 5, 2016.
- F4Includes (a) the 3,002 unvested shares that were acquired pursuant to the grant of the restricted stock units award described in footnote 3, and (b) a total of 3,694 additional unvested shares that were acquired pursuant to previously granted restricted stock units awards.
- F5On June 6, 2015, 594 shares that were acquired pursuant to an award of restricted stock units on June 6, 2014 vested and were released to the reporting person. Of these 594 shares, 148 were withheld to pay a resulting tax liability.
- F6Includes (a) the 3,002 unvested shares that were acquired pursuant to the grant of the restricted stock unit award described in footnote 3, and (b) a total of 3,100 additional unvested shares that were acquired pursuant to previously granted restricted stock units awards.
- F7On June 7, 2015, 957 shares that were acquired pursuant to an award of restricted stock units on June 7, 2013 vested and were released to the reporting person. Of these 957 shares, 239 were withheld to pay a resulting tax liability.
- F8Includes (a) the 3,002 unvested shares that were acquired pursuant to the grant of the restricted stock unit award described in footnote 3, and (b) a total of 2,143 additional unvested shares that were acquired pursuant to previously granted restricted stock units awards.