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GARMIN LTD — Director's Dealing 2017
Dec 19, 2017
30027_dirs_2017-12-19_43c5988d-dec9-4412-b826-81946f58caa8.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: Straub Philip (EVP, Man. Director - Aviation)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-12-15 | Registered Shares | F | 1987 | $58.36 | Disposed | 46695 | Direct |
| 2017-12-15 | Registered Shares | A | 9186 | — | Acquired | 55881 | Direct |
Footnotes
F1: On December 15, 2017, 5,287 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of these 5,287 shares, 1,987 were withheld to pay a resulting tax liability.
F2: Includes 9,653 unvested shares that were acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2017, the reporting person received a grant of 9,186 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2018.
F4: Includes 18,839 unvested shares acquired pursuant to the December 15, 2017 restricted stock units award and previously granted restricted stock unit awards.