SEC Form 4 · accession 0001121788-16-000064
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas G. Boessen
Officer — CFO and Treasurer
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 4:16 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 15, 2016 | F | 1,081 | $49.42 | D | 9,190 | D | |
| Registered SharesF3,F4 | Dec 15, 2016 | A | 4,392 | $0.00 | A | 13,582 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 15, 2016, 3,398 shares that were required by the reporting person pursuant to previously granted restricted stock units awards vested and were paid to the reporting person. Of those 3,398 shares, 1,081 shares were withheld to pay the resulting tax liability.
- F2Includes 5,478 unvested shares acquired pursuant to the award of previously granted restricted stock units awards and 496 shares acquired by the reporting person in December 2015 and June 2016 under the Garmin Ltd. Employee Stock Purchase Plan.
- F3On December 15, 2016, the reporting person received a grant of 4,392 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2017.
- F4Includes 9,870 unvested shares acquired pursuant to the December 15, 2016 restricted stock units award and previously granted restricted stock units awards.