SEC Form 4 · accession 0001121788-15-000014
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifton A Pemble
Officer — President and CEO
Period of report
Jun 22, 2015
Accepted (ET)
Jun 24, 2015 · 9:33 am 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 | Jun 22, 2015 | M | 12,000 | $21.59 | A | 93,565 | D | |
| Registered SharesF1 | Jun 22, 2015 | D | 5,531 | $46.86 | D | 88,034 | D | |
| Registered SharesF1 | Jun 22, 2015 | S | 6,469 | $46.86 | D | 81,565 | D | |
| Registered Shares | holding | — | — | — | 500 | I | By Children | |
| Registered Shares | holding | — | — | — | 250 | I | By trust established for benefit of the reporting person's child |
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 | Jun 22, 2015 | M | 12,000 | D | — | Jun 23, 2015 | Registered Shares | 12,000 | 0 | D |
Explanation of responses
- F1Includes: (a) 27,558 unvested shares acquired pursuant to previously granted time-based vesting restricted stock unit awards; (b) 153 shares acquired in December 2014 under the Employee Stock Purchase Plan; and (e) 471 shares acquired under dividend reinvestment programs since the reporting peron's last Form 4.
- F2The stock appreciation right vested in five equal annual installments, beginning on June 23, 2006.