SEC Form 4 · accession 0001121788-16-000060
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean Biddlecombe
Officer — Managing Director, EMEA
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 4:14 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 14, 2016 | F | 125 | $49.75 | D | 9,615 | D | |
| Restricted SharesF3,F4 | Dec 15, 2016 | F | 379 | $49.42 | D | 9,236 | D | |
| Resticted SharesF5,F6 | Dec 15, 2016 | A | 1,098 | $0.00 | A | 10,334 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 14, 2016 268 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 268 shares, 125 shares were withheld to pay the resulting tax liability.
- F2Includes 2,113 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F3On December 15, 2016 809 shares that were acquired by the reporting person pursuant to previously granted restricted stock units awards vested and were paid to the reporting person. Of those 809 shares, 379 shares were withheld to pay the resulting tax liability.
- F4Includes 1,304 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F5On December 15, 2016 the reporting person received a grant of 1,098 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2017.
- F6Includes 2,402 unvested shares acquired pursuant to the December 15, 2016 restricted stock units award and previously granted restricted stock unit awards.