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GARMIN LTD — Director's Dealing 2015
Dec 16, 2015
30027_dirs_2015-12-16_e2c250c2-4f9e-42aa-a08c-87be2bf07f2c.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: Boessen Douglas G. (CFO and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-15 | Registered Shares | F | 419 | $35.38 | Disposed | 3535 | Direct |
| 2015-12-15 | Registered Shares | A | 6240 | — | Acquired | 9775 | Direct |
Footnotes
F1: On December 15, 2015, 1,318 shares that were required by the reporting person pursuant to a previously granted restricted stock units award vested and were paid to the reporting person. Of those 1,318 shares, 419 shares were withheld to pay the resulting tax liability.
F2: Includes 2,636 unvested shares acquired pursuant to the award of previously granted restricted stock units awards.
F3: On December 15, 2015, the reporting person received a grant of 6,240 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2016.
F4: Includes 8,876 unvested shares acquired pursuant to the December 15, 2015 restricted stock unit award and previously granted restricted stock units awards.