AI assistant
GARMIN LTD — Director's Dealing 2018
Dec 31, 2018
30027_dirs_2018-12-31_4da5b996-aee1-4cd3-a20b-6e81124f8ae6.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2017-12-29
Reporting Person: BURRELL JONATHAN (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-12-29 | Registered Shares | G | 153500 | — | Disposed | 8566550 | Indirect |
| 2018-12-28 | Registered Shares | G | 153500 | — | Disposed | 8413050 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 2594 | Direct |
| Registered Shares | 30000 | Indirect |
| Registered Shares | 2637470 | Indirect |
| Registered Shares | 11644600 | Indirect |
Footnotes
F1: Consists of restricted stock units ("RSUs") awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan, which RSUs vest in three equal annual installments beginning on June 8, 2019 and can be settled only in Registered Shares.
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, 2017 gift of these 153,500 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.