SEC Form 4 · accession 0001121788-15-000026
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
Dec 14, 2015
Accepted (ET)
Dec 16, 2015 · 4:08 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 14, 2015 | F | 239 | $34.88 | D | 138,554 | D | |
| Registered SharesF3,F4 | Dec 15, 2015 | F | 419 | $35.38 | D | 138,135 | D | |
| Registered SharesF5,F6 | Dec 15, 2015 | A | 6,240 | $0.00 | A | 144,375 | D | |
| Registered Shares | holding | — | — | — | 1,400 | I | Spouse has signing authority for account that holds these shares |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 14, 2015, 752 shares that were acquired by the reporting person pursuant to a previously granted restricted stock units award vested and were paid to the reporting person. Of those 752 shares, 239 shares were withheld to pay the resulting tax liability.
- F2Includes 6,136 unvested shares acquired pursuant to previously awarded restricted stock units.
- F3On December 15, 2015, 1,318 shares that were acquired by the reporting person pursuant to a previously granted restricted stock units award vested and were paid to the reporting person. Of those 1,318 shares, 419 shares were withheld to pay the resulting tax liability.
- F4Includes 4,818 unvested shares acquired pursuant to previously awarded restricted stock units.
- F5On December 15, 2015, the reporting person was granted a restricted stock unit award, which vests in three equal annual installments beginning on December 15, 2016.
- F6Includes 11,058 unvested shares acquired pursuant to the December 15, 2015 restricted stock unit award and previously awarded restricted stock units.