AI assistant
GARMIN LTD — Director's Dealing 2014
May 27, 2014
30027_dirs_2014-05-27_cb1bef08-7c62-48ff-b9cc-bdd94b0dc172.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2014-05-23
Reporting Person: Huang Pao-Chang (General Manager - Garmin Corp.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-05-23 | Registered Shares | M | 16000 | $19.94 | Acquired | 42349 | Direct |
| 2014-05-23 | Registered Shares | S | 16000 | $57.256 | Disposed | 26349 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-05-23 | Employee stock option (right to buy) | $19.94 | M | 16000 | Disposed | 2014-09-23 | Registered Shares (16000) | Direct |
Footnotes
F1: Includes (a) 1,760 unvested shares acquired pursuant to an award of 4,400 restricted stock units on December 10, 2010 (the award vests in five equal annual installments); (b) 854 unvested shares acquired pursuant to an award of 4,270 restricted stock units on December 11, 2009 (the award vests in five equal annual installments); (c) 2,256 unvested shares acquired pursuant to a grant of 3,760 restricted stock units on December 14, 2011 (the award vests in five equal annual installments); (d) 2,564 unvested shares acquired pursuant to an award of 3,846 restricted stock units on December 10, 2012 (the award vests in three equal annual installments); and (e) 3,063 unvested shares acquired pursuant to the grant of 3,063 restricted stock units on December 10, 2013 (the award vests in three equal annual installments).
F2: This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $57.25 to $57.315 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.
F3: The stock option vested in five equal annual installments beginning on September 23, 2005.