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GARMIN LTD — Director's Dealing 2015
Dec 16, 2015
30027_dirs_2015-12-16_8f3137f5-1067-4523-a0e0-2d87e942985b.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: 2015-12-14
Reporting Person: PEMBLE CLIFTON A (President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-14 | Registered Shares | F | 513 | $34.88 | Disposed | 79358 | Direct |
| 2015-12-14 | Registered Shares | M | 15000 | $30.66 | Acquired | 94358 | Direct |
| 2015-12-14 | Registered Shares | D | 12974 | $35.45 | Disposed | 81384 | Direct |
| 2015-12-14 | Registered Shares | S | 2026 | $34.87 | Disposed | 79358 | Direct |
| 2015-12-15 | Registered Shares | F | 1298 | $35.38 | Disposed | 78060 | Direct |
| 2015-12-15 | Registered Shares | A | 19311 | — | Acquired | 97371 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-12-14 | Stock-settled stock appreciation right | $30.66 | M | 15000 | Disposed | 2015-12-16 | Registered Shares (15000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 500 | Indirect |
| Registered Shares | 250 | Indirect |
Footnotes
F1: On December 14, 2015, 1,611 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 1,611 shares, 513 shares were withheld to pay the resulting tax liability.
F2: Includes 17,080 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2015, 4,078 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 4,078 shares, 1,298 shares were withheld to pay the resulting tax liability.
F4: Includes 13,002 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F5: On December 15, 2015, the reporting person was granted a restricted stock units award, which vests in three equal annual installments, beginning on December 15, 2016.
F6: Includes 32,313 unvested shares acquired pursuant to the December 15, 2015 restricted stock unit award and previously granted restricted stock unit awards.