SEC Form 4 · accession 0001127602-18-019024
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pao-Chang Huang
Officer — General Manager - Garmin Corp.
Period of report
May 29, 2018
Accepted (ET)
May 29, 2018 · 1:11 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 29, 2018 | M | 15,000 | $50.97 | A | 45,561 | D | |
| Registered SharesF1 | May 29, 2018 | D | 12,625 | $60.56 | D | 32,936 | D | |
| Registered SharesF1 | May 29, 2018 | S | 2,375 | $60.22 | D | 30,561 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF2 | $50.97 | May 29, 2018 | M | 15,000 | D | — | Jun 6, 2018 | Registered Shares | 15,000 | 0 | D |
Explanation of responses
- F1Includes 12,097 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F2The right vested in five equal annual installments beginning on June 6, 2009.