SEC Form 4 · accession 0001121788-15-000031
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 14, 2015
Accepted (ET)
Dec 16, 2015 · 5:43 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 | 388 | $34.88 | D | 43,717 | D | |
| Registered SharesF3,F4 | Dec 15, 2015 | F | 476 | $35.38 | D | 43,241 | D | |
| Registered SharesF5,F6 | Dec 15, 2015 | A | 6,240 | $0.00 | A | 49,481 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 14, 2015, 1,074 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 1,074 shares, 388 shares were withheld to pay the resulting tax liability.
- F2Includes 6,458 unvested shares acquired pursuant to the award of restricted stock units awards granted in previous years.
- 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, 476 shares were withheld to pay the resulting tax liability.
- F4Includes 5,140 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 6,240 restricted stock units, which vest in three equal annual installments beginning on December 15, 2016.
- F6Includes 11,380 unvested shares acquired pursuant to the December 15, 2015 award of restricted stock units and awards of restricted stock units granted in previous years.