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GARMIN LTD — Director's Dealing 2018
Dec 18, 2018
30027_dirs_2018-12-18_2ea659e0-2a06-4484-82a4-a7532a996abc.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: 2018-12-15
Reporting Person: Bartel Danny J (VP, Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-12-15 | Registered Shares | F | 1441 | $65.14 | Disposed | 173303 | Direct |
| 2018-12-15 | Registered Shares | A | 3435 | — | Acquired | 176738 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 1400 | Indirect |
Footnotes
F1: On December 15, 2018, 4,903 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 4,903 shares, 1,441 shares were withheld to pay the resulting tax liability.
F2: Includes 8,890 unvested shares acquired pursuant to previously granted restricted stock unit awards and 419 shares acquired by the reporting person in June 2018 under the Garmin Ltd. Employee Stock Purchase Plan.
F3: On December 15, 2018, the reporting person received a grant of 3,435 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2019.
F4: Includes 12,325 unvested shares acquired pursuant to the December 15, 2018 restricted stock unit award and previously awarded restricted stock units.