Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

GARMIN LTD Director's Dealing 2012

Dec 28, 2012

30027_dirs_2012-12-28_56a06295-bd76-4c2d-bd7d-1ad6c3de1c92.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4/A — Form 4/A

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2012-12-17

Reporting Person: ETKIND ANDREW R (VP, General Counsel, Secretary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-12-17 Registered Shares M 17000 $27.27 Acquired 64326 Direct
2012-12-17 Registered Shares M 10000 $19.94 Acquired 74326 Direct
2012-12-17 Registered Shares M 10000 $21.59 Acquired 84326 Direct
2012-12-17 Registered Shares D 5257 $41.07 Disposed 79069 Direct
2012-12-17 Registered Shares F 1255 $41.07 Disposed 77814 Direct
2012-12-17 Registered Shares S 12101 $40.978 Disposed 65713 Direct
2012-12-17 Registered Shares S 14899 $40.953 Disposed 50814 Direct

Footnotes

F1: Includes (a) 3,999 unvested shares acquired pursuant to an award of 6,665 restricted stock units on December 10, 2010 (the award vests in five equal annual installments), (b) 2,668 unvested shares acquired pursuant to an award of 6,670 restricted stock units on December 11, 2009 (the award vests in five equal annual installments), (c) 3,000 unvested shares that were acquired pursuant to a grant of 15,000 restricted stock units on December 12, 2008 (the award vests in five equal annual installments), (d) 4,296 unvested shares that were acquired pursuant to the award of 5,370 restricted stock units on December 14, 2011 (the award vests in five equal annual installments ), and (e) 5,127 unvested shares that were acquired pursuant to a grant of 5,127 restricted stock units on December 10, 2012 (the award vests in three equal annual installments).

F2: Due to an error in the information that was provided to the reporting person by the issuer, the original Form 4 that was filed on December 19, 2012 erroneously reported that 1,703 shares were withheld for tax purposes. This Amendment corrects that error by reporting that 1,255 shares were withheld for tax purposes. This Amendment also corrects errors in the numbers reported in all rows in Column 5 that were due to incorrect information provided to the reporting person by the issuer regarding the numbers of shares withheld for tax purposes from awards of restricted stock units that vested on December 11, 12 and 14 of 2012.

F3: This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $40.97 to $40.99 per share. The reporting person undertakes to
provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Registered Shares sold at each separate price within the range set forth in this Footnote.

F4: This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $40.95 to $40.97 per share. The reporting person undertakes to
provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Registered Shares sold at each separate price within the range set forth in this Footnote.