SEC Form 4 · accession 0001121788-17-000028
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
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 9:54 am EDT
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 | Nov 1, 2017 | M | 28,220 | $39.71 | A | 151,503 | D | |
| Registered SharesF1,F2 | Nov 1, 2017 | S | 28,220 | $60.00 | D | 123,283 | D | |
| Registered SharesF1,F2 | Nov 1, 2017 | S | 10,082 | $60.00 | D | 113,201 | D | |
| Registered Shares | holding | — | — | — | 255 | I | By Child |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F1,F3 | $39.71 | Nov 1, 2017 | M | 28,220 | D | — | Dec 28, 2021 | Registered Shares | 28,220 | 0 | D |
Explanation of responses
- F1Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2017.
- F2Includes 45,356 unvested shares acquired pursuant to previously granted restricted stock units awards.
- F3The stock option vested in five equal annual installments beginning on December 28, 2012.