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GARMIN LTD — Director's Dealing 2016
Dec 16, 2016
30027_dirs_2016-12-16_fdd60275-d1e2-4781-b15f-ff10ae69942c.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: 2016-12-14
Reporting Person: Desbois Patrick (VP, Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-12-15 | Registered Shares | F | 1158 | $49.42 | Disposed | 16827 | Direct |
| 2016-12-15 | Registered Shares | A | 4941 | — | Acquired | 21768 | Direct |
Footnotes
F1: On December 15, 2016 3,640 shares that were acquired by the reporting person pursuant to previously granted restricted stock units awards vested and were paid to the reporting person. Of those 3,640 shares, 1,158 shares were withheld to pay the resulting tax liability.
F2: Includes 5,868 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2016, the reporting person received a grant of 4,941 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2017.
F4: Includes 10,809 unvested shares acquired pursuant to the grant of the December 15, 2016 restricted stock units award and previously granted restricted stock unit awards.