SEC Form 4 · accession 0001121788-15-000016
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Danny J Bartel
Officer — VP, Worldwide Sales
Period of report
Nov 11, 2015
Accepted (ET)
Nov 12, 2015 · 3:13 pm EST
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 | Nov 11, 2015 | M | 6,000 | $30.66 | A | 146,089 | D | |
| Registered SharesF1 | Nov 11, 2015 | D | 4,875 | $37.74 | D | 141,214 | D | |
| Registered SharesF1 | Nov 11, 2015 | S | 1,125 | $37.74 | D | 140,089 | D | |
| Registered Shares | holding | — | — | — | 1,400 | I | Spouse has signing authority for an account that holds these shares |
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 | $30.66 | Nov 11, 2015 | M | 6,000 | D | — | Dec 16, 2015 | Registered Shares | 6,000 | 0 | D |
Explanation of responses
- F1Includes 10,960 unvested shares acquired pursuant to previously awarded restricted stock units.
- F2The stock appreciation right vested in five equal annual installments, beginning on December 16, 2006.