SEC Form 4 · accession 0001121788-15-000028
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean Biddlecombe
Officer — Managing Director, EMEA
Period of report
Dec 14, 2015
Accepted (ET)
Dec 16, 2015 · 5:18 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 | 125 | $34.88 | D | 9,019 | D | |
| Registered SharesF3,F4 | Dec 15, 2015 | F | 147 | $35.38 | D | 8,872 | D | |
| Registered SharesF5,F6 | Dec 15, 2015 | A | 1,485 | $0.00 | A | 10,357 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 14, 2015, 268 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 268 shares, 125 shares were withheld to pay the resulting tax liability.
- F2Includes 1,351 unvested shares acquired pursuant to the award of restricted stock units awards granted in previous years.
- F3On December 15, 2015, 314 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 314 shares, 147 shares were withheld to pay the resulting tax liability.
- F4Includes 1,037 unvested shares acquired pursuant to the award of restricted stock units awards granted in previous years.
- F5On December 15, 2015, the reporting person received a grant of restricted stock unit awards, which vest in three equal annual installments beginning on December 15, 2016.
- F6Includes 2,522 unvested shares acquired pursuant to the December 15, 2015 award of restricted stock units and restricted stock units awards granted in previous years.