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GARMIN LTD — Director's Dealing 2010
Feb 12, 2010
30027_dirs_2010-02-12_537f1636-e438-49f9-999e-6ac9b7277c8d.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2010-02-12
Reporting Person: Biddlecombe Sean (General Manager, Garmin Europe)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 6630 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee stock option (right to buy) | $10.38 | 2011-12-21 | Common Shares (1600) | Direct | |
| Employee stock option (right to buy) | $14.90 | 2012-12-26 | Common Shares (1200) | Direct | |
| Employee stock option (right to buy) | $27.27 | 2013-12-23 | Common Shares (388) | Direct | |
| Employee stock option (right to buy) | $27.27 | 2013-12-23 | Common Shares (3618) | Direct | |
| Employee stock option (right to buy) | $19.94 | 2014-09-23 | Common Shares (5400) | Direct | |
| Stock appreciation right | $21.59 | 2015-06-23 | Common Shares (4700) | Direct | |
| Stock appreciation right | $30.66 | 2015-12-16 | Common Shares (4300) | Direct | |
| Stock appreciation right | $46.15 | 2016-06-09 | Common Shares (6000) | Direct | |
| Stock appreciation right | $51.07 | 2016-12-05 | Common Shares (5000) | Direct | |
| Stock appreciation right | $63.31 | 2017-06-08 | Common Shares (5000) | Direct | |
| Stock appreciation right | $105.33 | 2017-12-04 | Common Shares (5000) | Direct | |
| Stock appreciation right | $50.97 | 2018-06-06 | Common Shares (5000) | Direct |
Footnotes
F1: The number of shares reported includes: (1) 3,000 Common Shares that were acquired on December 12, 2008 pursuant to a grant of restricted stock units under the Garmin Ltd. 2005 Equity Incentive Plan, which award vests in five equal annual installments beginning on December 12, 2009 (750 of the 3,750 Common Shares granted under the award vested on December 12, 2009, leaving 3,000 unvested Common Shares as of the date of this report); (2) 1,580 Common Shares that were acquired on December 11, 2009 pursuant to a grant of restricted stock units under the Garmin Ltd. 2005 Equity Incentive Plan, which award vests in five equal annual installments beginning on December 11, 2010.
F2: The option vested in five equal annual installments beginning on December 21, 2002.
F3: The option vested in five equal annual installments beginning on December 26, 2003.
F4: Sixty percent of the options vested on December 23, 2006, and twenty percent of the options vested on each of December 23, 2007 and December 23, 2008.
F5: The option vested in five equal annual installments beginning on December 23, 2004.
F6: The option vested in five equal annual installments beginning on September 23, 2005.
F7: The right vests in five equal annual installments beginning on June 23, 2006.
F8: The right vests in five equal annual installments beginning on December 16, 2006.
F9: The right vests in five equal annual installments beginning on June 9, 2007.
F10: The right vests in five equal annual installments beginning on December 5, 2007.
F11: The right vests in five equal annual installments beginning on June 8, 2008.
F12: The right vests in five equal annual installments beginning on December 4, 2008.
F13: The right vests in five equal annual installments beginning on June 6, 2009.