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GARMIN LTD — Director's Dealing 2015
Dec 16, 2015
30027_dirs_2015-12-16_1aac5155-5f5f-4852-b040-da9e2aa00dff.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: 2015-12-15
Reporting Person: Desbois Patrick (VP, Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-15 | Registered Shares | F | 449 | $35.38 | Disposed | 11955 | Direct |
| 2015-12-15 | Registered Shares | A | 6684 | — | Acquired | 18639 | Direct |
Footnotes
F1: On December 15, 2015, 1,412 shares that were acquired by the reporting person pursuant to a previously granted restricted stock units award vested and were paid to the reporting person. Of those 1,412 shares, 449 shares were withheld to pay the resulting tax liability.
F2: Includes 4,880 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2015, the reporting person received a grant of 6,684 restricted stock units, which vest in three equal annual installments beginning on December 15, 2016.
F4: Includes 11,564 unvested shares acquired pursuant to the December 15, 2015 restricted stock units award and previously granted restricted stock unit awards.