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GARMIN LTD — Director's Dealing 2014
Jun 10, 2014
30027_dirs_2014-06-10_b3551d82-5461-4c63-8636-e4503eca8cd0.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: 2014-06-06
Reporting Person: Hartnett Joseph J (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-06-06 | Registered Shares | A | 1780 | — | Acquired | 4651 | Direct |
| 2014-06-07 | Registered Shares | F | 239 | $59.65 | Disposed | 4412 | Direct |
Footnotes
F1: Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan. The award vests in three equal annual installments beginnig June 6, 2015.
F2: Inclues (a) 2,871 unvested shares acquired pursuant to a grant of restricted stock units on June 7, 2013; and (b) the 1,780 unvested shares acquired pursuant to the grant of restricted stock units on June 6, 2014.
F3: On June 7, 2014, 957 shares that were acquired pursuant to an award of restricted stock units on June 7, 2013 were paid to the reporting person. Of these 957 shares, 239 shares were withheld to pay a resulting tax liability.
F4: Inclues (a) 1,914 unvested shares acquired pursuant to a grant of restricted stock units on June 7, 2013; and (b) the 1,780 unvested shares acquired pursuant to the grant of restricted stock units on June 6, 2014.