SEC Form 4 · accession 0001121788-17-000030
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Straub
Officer — EVP, Man. Director - Aviation
Period of report
Nov 21, 2017
Accepted (ET)
Nov 21, 2017 · 6:06 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 | Nov 21, 2017 | M | 14,000 | $50.97 | A | 62,922 | D | |
| Registered SharesF1 | Nov 21, 2017 | D | 11,547 | $61.80 | D | 51,375 | D | |
| Registered SharesF1 | Nov 21, 2017 | S | 2,453 | $61.91 | D | 48,922 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-settled stock appreciation rightF2 | $50.97 | Nov 21, 2017 | M | 14,000 | D | — | Jun 6, 2018 | Registered Shares | 14,000 | 0 | D |
Explanation of responses
- F1Includes 14,940 unvested shares acquired pursuant to previously granted restricted stock units awards.
- F2The stock appreciation right vested in five equal annual installments beginning on June 6, 2009.