SEC Form 4 · accession 0001121788-17-000034
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifton A Pemble
Officer — President and CEO
Period of report
Dec 15, 2017
Accepted (ET)
Dec 19, 2017 · 11:23 am 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, 2017 | F | 7,516 | $58.36 | D | 103,886 | D | |
| Registered SharesF3,F4 | Dec 15, 2017 | A | 16,536 | $0.00 | A | 120,422 | D | |
| Registered Shares | holding | — | — | — | 255 | I | By Child |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 15, 2017, 16,005 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 16,005 shares, 7,516 shares were withheld to pay the resulting tax liability.
- F2Includes 29,351 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F3On December 15, 2017, the reporting person received a grant of 16,536 restricted stock units, which vests in three equal annual installments, beginning on December 15, 2018.
- F4Includes 45,887 unvested shares acquired pursuant to the December 15, 2017 restricted stock unit award and previously granted restricted stock unit awards.