SEC Form 4 · accession 0001121788-16-000067
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifton A Pemble
Officer — President and CEO · Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 4:18 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 | 513 | $49.75 | D | 97,753 | D | |
| Registered SharesF3,F4 | Dec 15, 2016 | F | 4,415 | $49.42 | D | 93,338 | D | |
| Registered SharesF5,F6 | Dec 15, 2016 | A | 16,470 | $0.00 | A | 109,808 | D | |
| Registered Shares | holding | — | — | — | 505 | I | By Children |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 14, 2016 1,611 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 1,611 shares, 513 shares were withheld to pay the resulting tax liability.
- F2Includes 27,467 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F3On December 15, 2016 10,515 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 10,515 shares, 4,415 shares were withheld to pay the resulting tax liability.
- F4Includes16,952 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F5On December 15, 2016, the reporting person received a grant of 16,470 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2017.
- F6Includes 33,422 unvested shares acquired pursuant to the grant of the December 15, 2016 restricted stock units award and previously granted restricted stock unit awards.