SEC Form 4 · accession 0001127602-18-008603
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Peffer
Director
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 10:08 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 | Feb 23, 2018 | M | 3,924 | $50.97 | A | 26,351 | D | |
| Registered SharesF1 | Feb 23, 2018 | M | 5,981 | $33.44 | A | 32,332 | D | |
| Registered SharesF2,F1 | Feb 23, 2018 | S | 9,905 | $60.546 | D | 22,427 | D |
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)F3 | $50.97 | Feb 23, 2018 | M | 3,924 | D | — | Jun 6, 2018 | Registered Shares | 3,924 | 0 | D |
| Stock Option (Right to Buy)F4 | $33.44 | Feb 23, 2018 | M | 5,981 | D | — | May 20, 2020 | Registered Shares | 5,981 | 0 | D |
Explanation of responses
- F1Includes 5,772 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F2This transaction was executed in multiple trades at prices ranging from $60.53 to $60.561. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
- F3The option vested in three equal annual installments beginning on June 6, 2009.
- F4The option vested in three equal annual installments beginning on May 20, 2011.