SEC Form 4 · accession 0001127602-18-036507
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Straub
Officer — EVP, Man. Director - Aviation
Period of report
Dec 15, 2018
Accepted (ET)
Dec 18, 2018 · 10:06 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 15, 2018 | F | 2,606 | $65.14 | D | 49,218 | D | |
| Registered SharesF3,F4 | Dec 15, 2018 | A | 8,181 | $0.00 | A | 57,399 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 15, 2018, 6,937 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of these 6,937 shares, 2,606 were withheld to pay a resulting tax liability.
- F2Includes 12,893 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- F3On December 15, 2018, the reporting person received a grant of 8,181 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2019.
- F4Includes 21,074 unvested shares acquired pursuant to the December 15, 2018 restricted stock unit award and previously granted restricted stock unit awards.