SEC Form 4 · accession 0001121788-16-000055
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
Dec 10, 2016
Accepted (ET)
Dec 13, 2016 · 4:10 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 10, 2016 | F | 455 | $50.50 | D | 159,867 | D | |
| Registered Shares | holding | — | — | — | 1,400 | I | Spouse has signing authority for account that holds these shares |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 10, 2016, 1,430 shares that were acquired by the reporting person pursuant to a previously granted restricted stock units award vested and were released to the reporting person. Of these 1,430 shares, 455 shares were withheld to pay the resulting tax liability.
- F2Includes 9,628 unvested shares acquired pursuant to previously awarded restricted stock units, and 211 shares acquired in the reporting person's account in the Garmin International, Inc. Retirement Plan since the reporting person's last Form 4.