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GARMIN LTD — Director's Dealing 2018
Nov 2, 2018
30027_dirs_2018-11-02_fe08a449-1510-4265-bb28-bd950f08d872.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: 2018-10-31
Reporting Person: KAO MIN H (Director, Executive Chairman, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-10-31 | Registered Shares | S | 98176 | $64.0185 | Disposed | 21392409 | Indirect |
| 2018-10-31 | Registered Shares | S | 141407 | $65.0415 | Disposed | 21251002 | Indirect |
| 2018-10-31 | Registered Shares | S | 25233 | $66.0623 | Disposed | 21225769 | Indirect |
| 2018-10-31 | Registered Shares | S | 13585 | $66.5114 | Disposed | 21212184 | Indirect |
| 2018-11-01 | Registered Shares | S | 151902 | $67.3564 | Disposed | 21060282 | Indirect |
| 2018-11-01 | Registered Shares | S | 48098 | $67.7372 | Disposed | 21012184 | Indirect |
| 2018-11-02 | Registered Shares | S | 140492 | $66.2944 | Disposed | 20871692 | Indirect |
| 2018-11-02 | Registered Shares | S | 55508 | $67.2741 | Disposed | 20816184 | Indirect |
| 2018-11-02 | Registered Shares | S | 4000 | $67.90 | Disposed | 20812184 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 1799429 | Direct |
| Registered Shares | 5182824 | Indirect |
Footnotes
F1: Sale of shares pursuant to a Rule 10b5-1 trading plan adopted on August 6, 2018.
F2: This transaction was executed in multiple trades at prices ranging from $63.41 to $64.40. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F3: This transaction was executed in multiple trades at prices ranging from $64.41 to $65.40. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F4: This transaction was executed in multiple trades at prices ranging from $65.41 to $66.40. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F5: This transaction was executed in multiple trades at prices ranging from $66.41 to $66.64. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F6: This transaction was executed in multiple trades at prices ranging from $66.650 to $67.645. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F7: This transaction was executed in multiple trades at prices ranging from $67.65 to $67.90. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F8: This transaction was executed in multiple trades at prices ranging from $65.86 to $66.85. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F9: This transaction was executed in multiple trades at prices ranging from $66.86 to $67.82. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F10: This transaction was executed in multiple trades at prices ranging from $67.86 to $67.94. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
F11: The reporting person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.