SEC Form 4 · accession 0001127602-18-018317
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Danny J Bartel
Officer — VP, Worldwide Sales
Period of report
May 17, 2018
Accepted (ET)
May 21, 2018 · 6:55 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 17, 2018 | M | 15,000 | $50.97 | A | 189,325 | D | |
| Registered SharesF2,F1 | May 17, 2018 | F | 13,452 | $59.69 | D | 175,873 | D | |
| Registered SharesF1 | May 17, 2018 | S | 1,548 | $59.688 | D | 174,325 | D | |
| Registered Shares | holding | — | — | — | 1,400 | I | Spouse Has Signing Authority For Account That Holds These Shares |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF3 | $50.97 | May 17, 2018 | M | 15,000 | D | — | Jun 6, 2018 | Registered Shares | 15,000 | 0 | D |
Explanation of responses
- F1Includes 13,793 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F2Consists of (i) 12,809 shares withheld to cover the exercise price of the stock appreciation rights and (ii) 643 shares withheld to pay the resulting tax liability.
- F3The stock appreciation right vested in five equal annual installments commencing on June 6, 2009.