SEC Form 4 · accession 0001121788-16-000058
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Desbois
Officer — VP, Operations
Period of report
Dec 10, 2016
Accepted (ET)
Dec 13, 2016 · 4:13 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 | 292 | $50.50 | D | 17,985 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 10, 2016, 919 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 919 shares, 292 shares were withheld to pay the resulting tax liability.
- F2Includes 9,508 unvested shares acquired pursuant to previously granted restricted stock unit awards.