SEC Form 4 · accession 0001127602-18-006907
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
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 9:37 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 | Feb 15, 2018 | M | 36,208 | $42.16 | A | 156,907 | D | |
| Registered SharesF1,F2 | Feb 15, 2018 | S | 36,208 | $65.00 | D | 120,699 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F3 | $42.16 | Feb 15, 2018 | M | 36,208 | D | — | Dec 10, 2022 | Registered Shares | 36,208 | 9,052 | D |
Explanation of responses
- F1Pursuant to a Rule 10b5-1 stock trading plan adopted by the reporting person on March 3, 2017.
- F2Includes 45,887 unvested shares acquired pursuant to previously granted restricted stock unit awards and 277 shares acquired by the reporting person in December 2017 under the Garmin Ltd. Employee Stock Purchase Plan.
- F3The stock option vested in five equal annual installments beginning on December 10, 2013.