SEC Form 4 · accession 0001121788-15-000018
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Desbois
Officer — VP, Operations
Period of report
Dec 10, 2015
Accepted (ET)
Dec 11, 2015 · 4:41 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,F2 | Dec 10, 2015 | F | 564 | $37.31 | D | 12,404 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 10, 2015, 1,774 shares that were acquired by the reporting person pursuant to previously granted restricted stock units awards vested and were paid to the reporting person. Of those 1,774 shares, 564 shares were withheld to pay the resulting tax liability.
- F2Includes 6,292 unvested shares acquired pursuant to previously granted restricted stock unit awards.