SEC Form 4 · accession 0001127602-18-017198
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Eller
Director
Period of report
May 9, 2018
Accepted (ET)
May 11, 2018 · 4:35 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 | May 9, 2018 | M | 3,924 | $50.97 | A | 456,479 | D | |
| Registered SharesF2,F1 | May 9, 2018 | S | 3,924 | $59.3639 | D | 452,555 | 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 | May 9, 2018 | M | 3,924 | D | — | Jun 6, 2018 | Registered Shares | 3,924 | 0 | D |
Explanation of responses
- F1Includes 5,772 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.
- F2This transaction was executed in multiple trades at prices ranging from $59.362 to $59.382. 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.