Filing Details

Accession Number:
0001127602-21-010900
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-03-17 09:34:05
Reporting Period:
2021-03-15
Accepted Time:
2021-03-17 09:34:05
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
1450652 G. Douglas Boessen 1200 E. 151St St.
Olathe KS 66062
Cfo And Treasurer 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 2021-03-15 12,680 $52.44 53,402 No 4 M Direct
Registered Shares Disposition 2021-03-15 8,095 $128.11 45,307 No 4 F Direct
Registered Shares Disposition 2021-03-15 4,975 $127.61 40,332 No 4 S Direct
Registered Shares Disposition 2021-03-15 2,279 $127.96 38,053 No 4 S Direct
Registered Shares Disposition 2021-03-16 1,232 $127.13 36,821 No 4 S Direct
Registered Shares Disposition 2021-03-16 2,072 $128.10 34,749 No 4 S Direct
Registered Shares Disposition 2021-03-16 1,281 $128.96 33,468 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Registered Shares Stock Appreciation Right Disposition 2021-03-15 12,680 $0.00 12,680 $52.44
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2025-12-15 No 4 M Direct
Footnotes
  1. Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 1, 2021.
  2. Includes 11,469 unvested shares acquired pursuant to previously granted restricted stock unit awards.
  3. Consists of (i) 5,190 shares withheld to cover the exercise price of the stock appreciation rights and (ii) 2,905 shares withheld to pay the resulting tax liability.
  4. This transaction was executed in multiple trades at prices ranging from $126.905 to $127.900. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
  5. This transaction was executed in multiple trades at prices ranging from $127.905 to $128.055. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
  6. This transaction was executed in multiple trades at prices ranging from $126.710 to $127.575. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
  7. This transaction was executed in multiple trades at prices ranging from $127.760 to $128.725. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
  8. This transaction was executed in multiple trades at prices ranging from $128.80 to $129.26. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
  9. The award vested in five equal annual installments, beginning on December 15, 2015.