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GARMIN LTD — Director's Dealing 2017
Dec 19, 2017
30027_dirs_2017-12-19_257db7ad-0355-4d41-a8ab-75588e5c18f0.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: 2017-12-15
Reporting Person: Boessen Douglas G. (CFO and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-12-15 | Registered Shares | F | 1842 | $58.36 | Disposed | 17580 | Direct |
| 2017-12-15 | Registered Shares | A | 3675 | — | Acquired | 21255 | Direct |
Footnotes
F1: On December 15, 2017, 4,862 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of these 4,862 shares, 1,842 were withheld to pay a resulting tax liability.
F2: Includes 8,862 unvested shares acquired pursuant to previously granted restricted stock unit awards and 346 shares acquired by the reporting person in June 2017 under the Garmin Ltd. Employee Stock Purchase Plan.
F3: On December 15, 2017, the reporting person received a grant of 3,675 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2018.
F4: Includes 12,537 unvested shares acquired pursuant to the December 15, 2017 restricted stock units award and previously granted restricted stock units awards.