SEC Form 4 · accession 0001127602-18-036659
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas G. Boessen
Officer — CFO and Treasurer
Period of report
Dec 15, 2018
Accepted (ET)
Dec 18, 2018 · 6:22 pm 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 | 1,807 | $65.14 | D | 23,309 | D | |
| Registered SharesF3,F4 | Dec 15, 2018 | A | 3,681 | $0.00 | A | 26,990 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 15, 2018, 4,769 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of these 4,769 shares, 1,807 were withheld to pay a resulting tax liability.
- F2Includes 8,559 unvested shares acquired pursuant to previously granted restricted stock unit awards and 292 shares acquired by the reporting person in June 2018 under the Garmin Ltd. Employee Stock Purchase Plan.
- F3On December 15, 2018, the reporting person received a grant of 3,681 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2019.
- F4Includes 12,240 unvested shares acquired pursuant to the December 15, 2018 restricted stock units award and previously granted restricted stock units awards.