SEC Form 4 · accession 0001127602-18-020649
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rebecca R Tilden
Director
Period of report
Jun 8, 2018
Accepted (ET)
Jun 11, 2018 · 7:43 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 | Jun 8, 2018 | A | 2,594 | $0.00 | A | 8,177 | D | |
| Registered SharesF3,F4 | Jun 9, 2018 | F | 218 | $61.85 | D | 7,959 | D | |
| Registered SharesF5,F6 | Jun 10, 2018 | F | 271 | $61.85 | D | 7,688 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests in three equal annual installments beginning on June 8, 2019.
- F2Includes (a) the 2,594 unvested shares that were acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and (b) a total of 4,772 additional unvested shares that were acquired pursuant to previously granted restricted stock unit awards.
- F3On June 9, 2018, 870 shares that were acquired pursuant to an award of restricted stock units on June 9, 2017 vested and were released to the reporting person. Of these 870 shares, 218 were withheld to pay a resulting tax liability.
- F4Includes 6,496 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.
- F5On June 10, 2018, 1,082 shares that were acquired pursuant to an award of restricted stock units on June 10, 2016 vested and were released to the reporting person. Of these 1,082 shares, 271 were withheld to pay a resulting tax liability.
- F6Includes 5,414 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.