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GARMIN LTD — Director's Dealing 2020
Feb 28, 2020
30027_dirs_2020-02-28_8d2123f5-047b-441c-a4a9-43199a235557.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: 2020-02-27
Reporting Person: BURRELL JONATHAN (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-02-27 | Registered Shares | G | 680000 | — | Acquired | 2381870 | Indirect |
| 2020-02-28 | Registered Shares | G | 2000000 | — | Disposed | 381870 | Indirect |
| 2020-02-27 | Registered Shares | G | 680000 | — | Disposed | 11900200 | Indirect |
| 2020-02-28 | Registered Shares | G | 2000000 | — | Acquired | 13900200 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 4381 | Direct |
| Registered Shares | 30000 | Indirect |
| Registered Shares | 8413050 | Indirect |
Footnotes
F1: Consists of (a) 648 Registered Shares, and (b) unvested RSUs awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares, which RSUs consist of: (i) RSUs granted on June 7, 2019 that vest as to 2,004 shares on June 7, 2020; and (ii) RSUs granted on June 8, 2018 that vest as to 865 shares on June 8, 2020, and as to 864 shares on June 8, 2021.
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 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.
F4: 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.