Filing Details

Accession Number:
0001121788-10-000027
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-02 07:01:39
Reporting Period:
2010-11-30
Filing Date:
2010-12-02
Accepted Time:
2010-12-02 07:01:39
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1121788 Garmin Ltd GRMN Search, Detection, Navagation, Guidance, Aeronautical Sys (3812) 980229227
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1239787 V Gary Kelley 1200 East 151St Street
Olathe KS 66062
Vice President - Marketing No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares Disposition 2010-11-30 692 $28.95 6,857 No 4 S Direct
Common Shares Acquisiton 2010-11-30 1,500 $21.59 8,357 No 4 M Direct
Common Shares Disposition 2010-11-30 1,241 $28.86 7,116 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Shares Stock Appreciation Right Disposition 2010-11-30 1,500 $0.00 1,500 $21.59
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2015-06-23 No 4 M Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. The Common Shares were sold in separate transactions on the same day at prices ranging from $28.95 to $28.96 per share. The reporting person undertakes toprovide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within therange set forth in this Footnote.
  2. The number of Common Shares reported in Column 5 includes (a) 3,600 unvested shares acquired pursuant to an award of 4,500 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 1,920 unvested shares acquired pursuant to an award of 1,920 restricted stock units in December 2009 (the award vests in five euqal annual installments beginning in December 2010, and (c) 375 shares that were purchased for the reporting person's account in June 2010 as a participant in the Garmin Ltd. Employee Stock Purchase Plan.
  3. These shares were delivered or withheld as payment of the exercise price and tax liability related to the exercise of the Stock Appreciation Right dislosed in Table II of this Form 4.
  4. The stock appreciation right vested in five equal annual installments beginninig on June 23, 2006.