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GARMIN LTD — Director's Dealing 2018
Feb 27, 2018
30027_dirs_2018-02-27_c8485d82-749b-4998-a3bb-f9b47d3ceb4a.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: 2018-02-23
Reporting Person: Peffer Charles (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-23 | Registered Shares | M | 3924 | $50.97 | Acquired | 26351 | Direct |
| 2018-02-23 | Registered Shares | M | 5981 | $33.44 | Acquired | 32332 | Direct |
| 2018-02-23 | Registered Shares | S | 9905 | $60.546 | Disposed | 22427 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-23 | Stock Option (Right to Buy) | $50.97 | M | 3924 | Disposed | 2018-06-06 | Registered Shares (3924) | Direct |
| 2018-02-23 | Stock Option (Right to Buy) | $33.44 | M | 5981 | Disposed | 2020-05-20 | Registered Shares (5981) | Direct |
Footnotes
F1: Includes 5,772 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F2: This transaction was executed in multiple trades at prices ranging from $60.53 to $60.561. 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: The option vested in three equal annual installments beginning on June 6, 2009.
F4: The option vested in three equal annual installments beginning on May 20, 2011.