SEC Form 4/A · accession 0001127602-18-009326
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Douglas G. Boessen
Officer — CFO and Treasurer
Period of report
Feb 25, 2018
Accepted (ET)
Mar 1, 2018 · 2:52 pm 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 25, 2018 | F | 1,248 | $60.35 | D | 24,824 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 25, 2018, (i) 1,359 shares that were acquired by the reporting person pursuant to the restricted stock units award described in Footnote 1 of the Form 4 filed by the reporting person on February 27, 2018 and (ii) 1,927 shares that were acquired by the reporting person pursuant to another previously granted restricted stock units award vested and were paid to the reporting person. Of these shares, 1,248 shares were withheld to pay the resulting tax liability. Due to an administrative error, the Form 4 filed by the reporting person on February 27, 2018 incorrectly reported that 1,360 shares, rather than 1,248 shares, were withheld to pay the resulting tax liability.
- F2Includes (i) 10,610 unvested shares acquired pursuant to previously granted restricted stock units awards, (ii) 2,718 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 of the Form 4 filed by the reporting person on February 27, 2018 and (iii) 587 shares acquired by the reporting person in December 2014 and June 2015 under the Garmin Ltd. Employee Stock Purchase Plan. Due to the administrative error identified in Footnote 1 above, the Form 4 filed by the reporting person on February 27, 2018 incorrectly omitted 112 shares from this column in line 2 of Table I. The 587 ESPP shares referenced in item (iii) of this Footnote 2 were mistakenly omitted from this column in previous Form 4s filed by the reporting person. This amendment corrects those errors.