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GARMIN LTD — Director's Dealing 2017
Mar 1, 2017
30027_dirs_2017-03-01_d6d20d7d-2334-4386-9533-d7cb21820303.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: 2017-02-27
Reporting Person: Biddlecombe Sean (Managing Director, EMEA)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-25 | Registered Shares | A | 1377 | — | Acquired | 11711 | Direct |
| 2017-02-25 | Restricted Shares | F | 217 | $53.03 | Disposed | 11494 | Direct |
Footnotes
F1: Shares aquired pursuant to a restricted stock units award granted in February 2016 that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. The award vests in three equal annual installments beginning on February 25, 2017.
F2: Includes 2,402 unvested shares acquired pursuant to previously granted restricted stock units awards and the 1,377 unvested shares acquired pursuant to the resticted stock units award described in Footnote 1.
F3: 460 shares that were aquired by the reporting person pursuant to the restricted stock units award described in Footnote (1) vested and were paid to the reporting person. Of those shares, 217 shares were withheld to pay a resulting tax liability.
F4: Includes 2,402 unvested shares acquired pursuant to previously granted restricted stock units awards and 917 remaining unvested shares acquired pursuant to the resticted stock units award described in Footnote 1.