SEC Form 4 · accession 0001121788-15-000030
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 15, 2015
Accepted (ET)
Dec 16, 2015 · 5:29 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 15, 2015 | F | 449 | $35.38 | D | 11,955 | D | |
| Registered SharesF3,F4 | Dec 15, 2015 | A | 6,684 | $0.00 | A | 18,639 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 15, 2015, 1,412 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 1,412 shares, 449 shares were withheld to pay the resulting tax liability.
- F2Includes 4,880 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F3On December 15, 2015, the reporting person received a grant of 6,684 restricted stock units, which vest in three equal annual installments beginning on December 15, 2016.
- F4Includes 11,564 unvested shares acquired pursuant to the December 15, 2015 restricted stock units award and previously granted restricted stock unit awards.