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GARMIN LTD — Director's Dealing 2010
Dec 17, 2010
30027_dirs_2010-12-17_bcb3443f-54a2-47ca-9c8d-f9d92f650400.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2010-12-17
Reporting Person: KELLEY GARY V (Vice President - Marketing)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-12-17 | Common Shares | S | 259 | $31.57 | Disposed | 8119 | Direct |
| 2010-12-17 | Common Shares | S | 579 | $31.56 | Disposed | 7540 | Direct |
Footnotes
F1: The number of shares reported in Column 5 includes (a) 2,700 unvested shares acquired pursuant to an award of 4,500 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 1,536 unvested shares acquired pursuant to an award of 1,920 restricted stock units in December 2009 (the award vests in five euqal annual installments beginning in December 2010), and (c) 1,665 shares that were acquired pursuant to the grant of restricted stock units in December 2010 (the award vests in five equal annual installments beginning in December 2011).