SEC Form 4 · accession 0001121788-16-000063
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
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 4:15 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 | 239 | $49.75 | D | 40,649 | D | |
| Registered SharesF3,F4 | Dec 15, 2016 | F | 1,158 | $49.42 | D | 39,491 | D | |
| Registered SharesF5,F6 | Dec 15, 2016 | A | 4,941 | $0.00 | A | 44,432 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 14, 2016 752 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 752 shares, 239 shares were withheld to pay the resulting tax liability.
- F2Includes 9,508 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F3On December 15, 2016 3,640 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 3,640 shares, 1,158 shares were withheld to pay the resulting tax liability.
- F4Includes 5,868 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F5On December 15, 2016, the reporting person received a grant of 4,941 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2017.
- F6Includes 10,809 unvested shares acquired pursuant to the December 15, 2016 restricted stock units award and previously granted restricted stock unit awards.