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GARMIN LTD — Director's Dealing 2014
Feb 26, 2014
30027_dirs_2014-02-26_1a3effe2-382f-4ddd-a821-c7785274a3a1.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: 2014-02-25
Reporting Person: Peffer Charles (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-02-25 | Registered Shares | M | 8662 | $23.09 | Acquired | 22774 | Direct |
| 2014-02-25 | Registered Shares | F | 7000 | $52.36 | Disposed | 15774 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-25 | Stock option (right to buy) | $23.09 | M | 8662 | Disposed | 2019-06-05 | Registered Shares (8662) | Direct |
Footnotes
F1: The stock option vested in three equal annual installments beginning on June 5, 2010.
F2: Includes (a) 999 unvested shares that were acquired pursuant to the grant of 2,999 restricted stock units on June 3, 2011 (the award vests in three equal annual installments beginning on June 3, 2012), (b) 1,602 unvested shares that were acquired pursuant to the grant of 2,404 restricted stock units on June 1, 2012 (the award vests in three equal annual installments beginning on June 1, 2013) and (c) 2,871 unvested shares that were acquired pursuant to the grant of 2,871 restricted stock units on June 7, 2013 (the award vests in three equal annual installments beginning on June 7, 2014).