SEC Form 4 · accession 0001121788-17-000038
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Desbois
Officer — EVP, Operations
Period of report
Dec 15, 2017
Accepted (ET)
Dec 19, 2017 · 11:28 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 | 1,711 | $58.36 | D | 23,670 | D | |
| Registered SharesF3,F4 | Dec 15, 2017 | A | 4,593 | $0.00 | A | 28,263 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 15, 2017, 5,287 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 5,287 shares, 1,711 shares were withheld to pay the resulting tax liability.
- F2Includes 9,653 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F3On December 15, 2017, the reporting person received a grant of 4,593 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2018.
- F4Includes 14,246 unvested shares acquired pursuant to the December 15, 2017 restricted stock unit award and previously granted restricted stock unit awards.