SEC Form 4 · accession 0001127602-18-036501
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
Dec 15, 2018
Accepted (ET)
Dec 18, 2018 · 9:38 am EST
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 | Dec 3, 2018 | G | 1,300 | $0.00 | D | 123,837 | D | |
| Registered SharesF3,F4 | Dec 15, 2018 | F | 7,735 | $65.14 | D | 116,102 | D | |
| Registered SharesF5,F6 | Dec 15, 2018 | A | 16,365 | $0.00 | A | 132,467 | D | |
| Registered Shares | holding | — | — | — | 255 | I | By Child |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 3, 2018, the reporting person gifted 1,300 shares to a charitable organization.
- F2Includes 50,112 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F3On December 15, 2018, 17,439 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 17,439 shares, 7,735 shares were withheld to pay the resulting tax liability.
- F4Includes 32,673 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F5On December 15, 2018, the reporting person received a grant of 16,365 restricted stock units, which vests in three equal annual installments, beginning on December 15, 2019.
- F6Includes 49,038 unvested shares acquired pursuant to the December 15, 2018 restricted stock unit award and previously granted restricted stock unit awards.