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GARMIN LTD — Director's Dealing 2017
Aug 14, 2017
30027_dirs_2017-08-14_2ddf4616-d877-42be-b3cc-c8cc20cc1e1a.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: 2016-12-29
Reporting Person: BURRELL JONATHAN (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-12-29 | Registered Shares | G | 177350 | — | Disposed | 8720050 | Indirect |
| 2017-08-10 | Registered Shares | S | 116000 | $51.5082 | Disposed | 9707500 | Indirect |
| 2017-08-11 | Registered Shares | S | 116000 | $51.2109 | Disposed | 9591500 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 40000 | Indirect |
| Registered Shares | 3062000 | Indirect |
| Registered Shares | 3380070 | Indirect |
Footnotes
F1: The reporting person is a co-trustee of his father's revocable trust and is his father's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F2: The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3: The reporting person inadvertently failed to report the December 29, 2016 gift of these shares, and therefore the number of shares reflected on the Form 4 reports filed by the reporting person subsequent to that date, and prior to this report, was overstated by the amount of these shares.
F4: The reporting person is a co-trustee of several charitable lead annuity trusts (CLATs) and holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5: The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.