SEC Form 4 · accession 0001121788-15-000022
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
Dec 10, 2015
Accepted (ET)
Dec 14, 2015 · 9:50 am 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 | 2,823 | $37.31 | D | 79,871 | 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
No Table II lines on this filing.
Explanation of responses
- F1On December 10, 2015, 8,867 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 8,867 shares, 2,823 shares were withheld to pay the resulting tax liability.
- F2Includes 18,691 unvested shares acquired pursuant to previously granted time-based vesting restricted stock unit awards, 780 shares acquired under the reporting persons dividend reinvestment programs since the reporting person's last Form 4 was filed, and 349 shares acquired under the Garmin Ltd. employee stock purchase plan in June 2015.