SEC Form 4 · accession 0001127602-18-028240
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifton A Pemble
Officer — President and CEO · Director
Period of report
Sep 20, 2018
Accepted (ET)
Sep 24, 2018 · 7:33 am 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 | Sep 20, 2018 | M | 9,052 | $42.16 | A | 140,774 | D | |
| Registered SharesF1,F2 | Sep 20, 2018 | S | 12,352 | $70.00 | D | 128,422 | D | |
| Registered SharesF1,F2 | Sep 20, 2018 | S | 3,285 | $70.01 | D | 125,137 | D | |
| Registered Shares | holding | — | — | — | 255 | I | By Child |
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)F1,F3 | $42.16 | Sep 20, 2018 | M | 9,052 | D | — | Dec 10, 2022 | Registered Shares | 9,052 | 0 | D |
Explanation of responses
- F1Pursuant to a Rule 10b5-1 stock trading plan adopted by the reporting person on March 5, 2018.
- F2Includes 50,112 unvested shares acquired pursuant to previously granted restricted stock unit awards and 263 shares acquired by the reporting person in June 2018 under the Garmin Ltd. Employee Stock Purchase Plan.
- F3The stock option vested in five equal annual installments beginning on December 10, 2013.