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GRMN Garmin Ltd

134.00
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Garmin Ltd NASDAQ:GRMN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 134.00 133.70 145.00 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

18/12/2018 3:05pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Bartel Danny J
2. Issuer Name and Ticker or Trading Symbol

GARMIN LTD [ GRMN ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP, Worldwide Sales
(Last)          (First)          (Middle)

1200 E. 151ST ST.
3. Date of Earliest Transaction (MM/DD/YYYY)

12/15/2018
(Street)

OLATHE, KS 66062
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Registered Shares   12/15/2018     F    1441   (1) D $65.14   173303   (2) D    
Registered Shares   12/15/2018     A    3435   (3) A $0   176738   (4) D    
Registered Shares                  1400   I   Spouse Has Signing Authority For Account That Holds These Shares  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  On December 15, 2018, 4,903 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 4,903 shares, 1,441 shares were withheld to pay the resulting tax liability.
(2)  Includes 8,890 unvested shares acquired pursuant to previously granted restricted stock unit awards and 419 shares acquired by the reporting person in June 2018 under the Garmin Ltd. Employee Stock Purchase Plan.
(3)  On December 15, 2018, the reporting person received a grant of 3,435 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2019.
(4)  Includes 12,325 unvested shares acquired pursuant to the December 15, 2018 restricted stock unit award and previously awarded restricted stock units.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Bartel Danny J
1200 E. 151ST ST.
OLATHE, KS 66062


VP, Worldwide Sales

Signatures
By Andrew R. Etkind, Attorney-in-Fact 12/18/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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