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GARMIN LTD — Director's Dealing 2017
Dec 19, 2017
30027_dirs_2017-12-19_c21c9511-5009-4f14-b526-a4cb87413227.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: Desbois Patrick (EVP, Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-12-15 | Registered Shares | F | 1711 | $58.36 | Disposed | 23670 | Direct |
| 2017-12-15 | Registered Shares | A | 4593 | — | Acquired | 28263 | Direct |
Footnotes
F1: On December 15, 2017, 5,287 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 5,287 shares, 1,711 shares were withheld to pay the resulting tax liability.
F2: Includes 9,653 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2017, the reporting person received a grant of 4,593 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2018.
F4: Includes 14,246 unvested shares acquired pursuant to the December 15, 2017 restricted stock unit award and previously granted restricted stock unit awards.