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GARMIN LTD — Director's Dealing 2019
Dec 17, 2019
30027_dirs_2019-12-17_d373837d-5054-4eef-a91b-01c9aed19795.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: 2019-12-15
Reporting Person: Bartel Danny J (VP, Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-12-15 | Registered Shares | F | 1167 | $97.43 | Disposed | 179929 | Direct |
| 2019-12-15 | Registered Shares | A | 2688 | — | Acquired | 182617 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 1400 | Indirect |
Footnotes
F1: On December 15, 2019, 3,968 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 3,968 shares, 1,167 shares were withheld to pay the resulting tax liability.
F2: Includes 8,673 unvested shares acquired pursuant to restricted stock units awards previously granted and 399 shares acquired by the reporting person in June 2019 under the Garmin Ltd. Employee Stock Purchase Plan.
F3: On December 15, 2019 the reporting person received a grant of 2,688 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2020.
F4: Includes 11,361 unvested shares acquired pursuant to the December 15, 2019 restricted stock units award and previously granted restricted stock unit awards.