SEC Form 4 · accession 0001121788-16-000049
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifton A Pemble
Officer — President and CEO
Period of report
Aug 4, 2016
Accepted (ET)
Aug 8, 2016 · 10:35 am EDT
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 | Aug 4, 2016 | M | 20,000 | $51.07 | A | 121,218 | D | |
| Registered SharesF1 | Aug 4, 2016 | D | 18,571 | $55.00 | D | 102,647 | D | |
| Registered SharesF1 | Aug 4, 2016 | S | 1,429 | $55.00 | D | 101,218 | D | |
| Registered Shares | holding | — | — | — | 500 | I | By Children |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-settled stock appreciation rightF2 | $51.07 | Aug 4, 2016 | M | 20,000 | D | — | Dec 5, 2016 | Registered Shares | 20,000 | 0 | D |
Explanation of responses
- F1Includes 32,313 unvested shares acquired pursuant to previously granted restricted stock unit awards, 151 shares acquired in December 2015 under the Garmin Ltd. Employee Stock Purchase Plan, 441 shares acquired in June 2016 under the Garmin Ltd. Employee Stock Purchase Plan, and 2,504 shares acquired by the reporting person under dividend reinvestment programs since the date of the reporting person's last Form 4.
- F2The stock appreciation right vested in five equal annual installments, beginning on December 5, 2007.