Home > Insider Trading > Filing (0001121788-10-000005)

Filing Details

Accession Number:: 0001121788-10-000005
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-03-25 13:00:00
Reporting Period:: 2010-03-25

Filing Date:: 2010-03-25
Accepted Time:: 2010-03-25 17:48:24
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
1239784	R Andrew Etkind	1200 East 151St Street Olathe KS 66062	Vp, General Counsel, Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Shares	Acquisiton	2010-03-25	10,000	$19.94	48,051	No	4	M	Direct
Common Shares	Acquisiton	2010-03-25	10,000	$14.90	58,051	No	4	M	Direct
Common Shares	Disposition	2010-03-25	20,000	$39.83	38,051	No	4	S	Direct
Common Shares	Disposition	2010-03-25	2,960	$40.16	35,091	No	4	S	Direct
Common Shares	Disposition	2010-03-25	640	$40.19	34,451	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Employee stock option (right to buy)	Disposition	2010-03-25	10,000	$0.00	10,000	$19.94
Common Shares	Employee stock option (right to buy)	Disposition	2010-03-25	10,000	$0.00	10,000	$14.90

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,000		2014-09-23	No	4	M	Direct
7,000		2012-12-26	No	4	M	Direct

Footnotes

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 $39.820 to $39.854 per share. The reporting person undertakes to provide 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 the range set forth in this Footnote.
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 $40.14 to $40.18 per share. The reporting person undertakes to provide 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 the range set forth in this Footnote.
The number of Common Shares reported in Column 5 includes (a) 1,115 shares held in the 401(k) Plan, (b) 3,000 shares that were paid to Mr. Etkind in December 2009 upon vesting of restricted stock units that were awarded to him in December 2008, (c) 12,000 unvested shares acquired pursuant to an award of 15,000 restricted stock units in December 2008 (the award vests in five equal installments beginning in December 2009), (d) 6,670 unvested shares acquired pursuant to an award of 6,670 restricted stock units in December 2009 (the award vests in five equal installments beginning in December 2010), and (e) 328 shares that were purchased for Mr. Etkind's account in December 2009 as a participan in the Garmin Ltd. Employee Stock Purchase Plan.
The stock option vested in five equal annual installments beginning on September 23, 2005.
The stock option vested in five equal annual installments beginning on December 26, 2003.