Filing Details
- Accession Number:
- 0001121788-12-000051
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-12-19 15:31:21
- Reporting Period:
- 2012-12-17
- Filing Date:
- 2012-12-19
- Accepted Time:
- 2012-12-19 15:31:21
- 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 |
|---|---|---|---|---|---|---|---|
| 1346185 | James Brian Pokorny | 1200 East 151St Street Olathe KS 66062 | Vice President - Operations | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Registered Shares | Acquisiton | 2012-12-17 | 15,000 | $27.27 | 31,620 | No | 4 | M | Direct | |
| Registered Shares | Acquisiton | 2012-12-17 | 20,000 | $19.94 | 51,620 | No | 4 | M | Direct | |
| Registered Shares | Disposition | 2012-12-17 | 35,000 | $41.00 | 16,620 | No | 4 | S | Direct | |
| Registered Shares | Disposition | 2012-12-17 | 4,256 | $40.95 | 12,364 | No | 4 | S | Direct | |
| Registered Shares | Disposition | 2012-12-17 | 2,518 | $40.85 | 9,846 | No | 4 | S | Direct | |
| Registered Shares | Acquisiton | 2012-12-18 | 10,000 | $21.59 | 19,846 | No | 4 | M | Direct | |
| Registered Shares | Disposition | 2012-12-18 | 5,157 | $41.87 | 14,689 | No | 4 | D | Direct | |
| Registered Shares | Disposition | 2012-12-18 | 1,802 | $41.87 | 12,887 | No | 4 | F | Direct | |
| Registered Shares | Acquisiton | 2012-12-18 | 12,000 | $30.66 | 24,887 | No | 4 | M | Direct | |
| Registered Shares | Disposition | 2012-12-18 | 8,788 | $41.87 | 16,099 | No | 4 | D | Direct | |
| Registered Shares | Disposition | 2012-12-18 | 1,331 | $41.87 | 14,768 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | D | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | D | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Registered Shares | Employee stock option (right to buy) | Disposition | 2012-12-17 | 15,000 | $0.00 | 15,000 | $27.27 |
| Registered Shares | Employee stock option (right to buy) | Disposition | 2012-12-17 | 20,000 | $0.00 | 20,000 | $19.94 |
| Registered Shares | Stock appreciation right | Disposition | 2012-12-18 | 10,000 | $0.00 | 10,000 | $21.59 |
| Registered Shares | Stock appreciation right | Disposition | 2012-12-18 | 12,000 | $0.00 | 12,000 | $30.66 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2013-12-23 | No | 4 | M | Direct | |
| 0 | 2014-09-23 | No | 4 | M | Direct | |
| 0 | 2015-06-23 | No | 4 | M | Direct | |
| 0 | 2015-12-16 | No | 4 | M | Direct |
Footnotes
- Includes: (a) 2,001 unvested shares that were acquired pursuant to an award of 3,335 restricted stock units on December 10, 2010 (the award vests in five equal annual installments), (b) 1,332 unvested shares that were acquired pursuant to an award of 3,330 restricted stock units on December 11, 2009 (the award vests in five equal annual installments), (c) 1,800 unvested shares that were acquired pursuant to an award of 9,000 restricted stock units on December 12, 2008 (the award vests in five equal annual installments), (d) 2,148 unvested shares that were acquired pursuant to an award of restricted stock units on December 14, 2011 (the award vests in five equal annual installments), and (e) 2,565 unvested shares that were acquired pursuant to an award of restricted stock units on December 10, 2012 (the award vests in three equal annual installments).
- This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $40.94 to $40.951 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 Registered Shares sold at each separate price within the range set forth in this Footnote.
- This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $40.8501 to $40.851 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 Registered Shares sold at each separate price within the range set forth in this Footnote.
- The stock option vested in five equal annual installments beginning on December 23, 2004
- The stock option vested in five equal annual installments beginning on September 23, 2005.
- The stock appreciation right vested in five equal annual installments beginning on June 23, 2006.
- The stock appreciation right vested in five equal annual installments beginning on December 16, 2006.
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