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GARMIN LTD — Director's Dealing 2017
Dec 19, 2017
30027_dirs_2017-12-19_de730ef3-f400-40cf-a3b0-1b37feb942e4.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: Bartel Danny J (VP, Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-12-15 | Registered Shares | F | 1598 | $58.36 | Disposed | 167200 | Direct |
| 2017-12-15 | Registered Shares | A | 3858 | — | Acquired | 171058 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 1400 | Indirect |
Footnotes
F1: On December 15, 2017, 4,935 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 4,935 shares, 1,598 shares were withheld to pay the resulting tax liability.
F2: Includes 9,008 unvested shares acquired pursuant to previously granted restricted stock unit awards and 508 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 3,858 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2018.
F4: Includes 12,866 unvested shares acquired pursuant to the December 15, 2017 restricted stock units award and previously granted restricted stock unit awards.