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GARMIN LTD — Director's Dealing 2012
Mar 20, 2012
30027_dirs_2012-03-20_f528e4c4-d9ac-405e-8440-f2b8cad73ada.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: 2012-03-16
Reporting Person: Biddlecombe Sean (Managing Director EMEA)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-03-16 | Common Shares | M | 4700 | $21.59 | Acquired | 13925 | Direct |
| 2012-03-16 | Common Shares | D | 2165 | $46.88 | Disposed | 11760 | Direct |
| 2012-03-16 | Common Shares | F | 1318 | $46.88 | Disposed | 10442 | Direct |
| 2012-03-16 | Common Shares | M | 1200 | $14.90 | Acquired | 11642 | Direct |
| 2012-03-16 | Common Shares | S | 1200 | $46.73 | Disposed | 10442 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-03-16 | Stock Appreciation Right | $21.59 | M | 4700 | Disposed | 2015-06-23 | Common Shares (4700) | Direct |
| 2012-03-16 | Stock Option (right to buy) | $14.90 | M | 1200 | Disposed | 2012-12-26 | Common Shares (1200) | Direct |
Footnotes
F1: The number of shares reported in Column 5 includes (a) 1,500 unvested shares acquired pursuant to a grant of 3,750 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 948 unvested shares acquired pursuant to a grant of 1,580 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010), (c) 1,332 unvested shares that were acquired pursuant to a grant of 1,665 restricted stock units in December 2010 (the award vests in five equal annual installments beginning in December 2011), (d) 1,340 unvested shares that were acquired pursuant to a grant of 1,340 restricted stock units in December 2011 (the award vests in five equal annual installments beginning in December 2012), and (3) 422 shares that were acquired for the reporting person's account under the employee stock purchase plan.
F2: The stock appreciation right vested in five equal annual installments beginning on June 23, 2006.
F3: The stock option vested in five equal annual installments beginning on December 26, 2003.