SEC Form 4 · accession 0001121788-17-000035
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Danny J Bartel
Officer — VP, Worldwide Sales
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 | 1,598 | $58.36 | D | 167,200 | D | |
| Registered SharesF3,F4 | Dec 15, 2017 | A | 3,858 | $0.00 | A | 171,058 | D | |
| Registered Shares | holding | — | — | — | 1,400 | I | Spouse has signing authority for account that holds these shares |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 15, 2017, 4,935 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 4,935 shares, 1,598 shares were withheld to pay the resulting tax liability.
- F2Includes 9,008 unvested shares acquired pursuant to previously granted restricted stock unit awards and 508 shares acquired by the reporting person in June 2017 under the Garmin Ltd. Employee Stock Purchase Plan.
- F3On December 15, 2017, the reporting person received a grant of 3,858 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2018.
- F4Includes 12,866 unvested shares acquired pursuant to the December 15, 2017 restricted stock units award and previously granted restricted stock unit awards.