SEC Form 4 · accession 0001121788-16-000052
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Danny J Bartel
Officer — VP, Worldwide Sales
Period of report
Aug 19, 2016
Accepted (ET)
Aug 23, 2016 · 10:46 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 19, 2016 | M | 12,500 | $51.07 | A | 172,611 | D | |
| Registered SharesF1 | Aug 19, 2016 | D | 11,714 | $54.50 | D | 160,897 | D | |
| Registered SharesF1 | Aug 19, 2016 | S | 786 | $54.53 | D | 160,111 | D | |
| Registered Shares | holding | — | — | — | 1,400 | I | Spouse has signing authority for account that holds these shares |
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 19, 2016 | M | 12,500 | D | — | Dec 5, 2016 | Registered shares | 12,500 | 0 | D |
Explanation of responses
- F1Includes 11,058 unvested shares acquired pursuant to previously awarded restricted stock units, 679 shares acquired by the reporting person in June 2016 under the Garmin Ltd. Employee Stock Purchase Plan, and shares acquired pursuant to regularly scheduled purchases and dividend reinvestments in the reporting person's account in the Garmin International, Inc. Retirement Plan since the reporting person's last Form 4.
- F2The stock appreciation right vested over five equal annual installments, beginning on December 5, 2007.