SEC Form 4 · accession 0001121788-15-000023
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew R Etkind
Officer — VP, General Counsel, Secretary
Period of report
Dec 10, 2015
Accepted (ET)
Dec 14, 2015 · 9:51 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 | 1,611 | $37.31 | D | 44,105 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 10, 2015, 4,472 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 4,472 shares, 1,611 shares were withheld to pay the resulting tax liability.
- F2Includes 7,532 unvested shares acquired pursuant to the award of restricted stock units awards granted in previous years, and 63 shares acquired in December 2014 and 77 shares acquired in June 2015 under the Garmin Ltd. employee stock purchase plan.