SEC Form 4 · accession 0001121788-16-000050
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Straub
Officer — VP, Man. Director - Aviation
Period of report
Aug 15, 2016
Accepted (ET)
Aug 16, 2016 · 10:02 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 15, 2016 | M | 14,000 | $51.07 | A | 55,321 | D | |
| Registered SharesF1 | Aug 15, 2016 | D | 12,916 | $55.36 | D | 42,405 | D | |
| Registered SharesF1 | Aug 15, 2016 | S | 1,084 | $55.36 | D | 41,321 | D |
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 15, 2016 | M | 14,000 | D | — | Dec 5, 2016 | Registered Shares | 14,000 | 0 | D |
Explanation of responses
- F1Includes 11,622 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F2The stock appreciation right vested in five equal annual installments, beginning on December 5, 2007.