SEC Form 4 · accession 0001127602-18-016244
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Min H Kao
Officer — Executive Chairman · Director · 10% Owner
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 5:09 pm EDT
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 | May 1, 2018 | S | 50,000 | $58.1866 | D | 8,053,783 | D | |
| Registered SharesF1,F3 | May 1, 2018 | S | 20,017 | $59.0028 | D | 8,033,766 | D | |
| Registered SharesF1,F4 | May 2, 2018 | S | 236,174 | $60.9285 | D | 7,797,592 | D | |
| Registered SharesF1,F5 | May 2, 2018 | S | 113,626 | $62.0042 | D | 7,683,966 | D | |
| Registered SharesF1 | May 2, 2018 | S | 200 | $62.45 | D | 7,683,766 | D | |
| Registered SharesF1,F6 | May 3, 2018 | S | 234,508 | $60.4959 | D | 7,449,258 | D | |
| Registered SharesF1,F7 | May 3, 2018 | S | 40,605 | $61.4644 | D | 7,408,653 | D | |
| Registered Shares | holding | — | — | — | 24,332,539 | I | By Children | |
| Registered SharesF8 | holding | — | — | — | 5,207,824 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sale of shares pursuant to a Rule 10b5-1 trading plan adopted on March 2, 2018.
- F2This transaction was executed in multiple trades at prices ranging from $58.00 to $58.37. 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.
- F3This transaction was executed in multiple trades at prices ranging from $59.00 to $59.03. 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.
- F4This transaction was executed in multiple trades at prices ranging from $60.44 to $61.43. 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.
- F5This transaction was executed in multiple trades at prices ranging from $61.44 to $62.41. 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.
- F6This transaction was executed in multiple trades at prices ranging from $60.07 to $61.06. 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.
- F7This transaction was executed in multiple trades at prices ranging from $61.07 to $62.00. 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.
- F8The reporting person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.