Statement of Changes in Beneficial Ownership (4)
June 09 2020 - 12:32PM
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
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Peffer Charles |
2. Issuer Name and Ticker or Trading Symbol
GARMIN LTD
[
GRMN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
5424 MOHAWK |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/5/2020 |
(Street)
FAIRWAY, KS 66205
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Registered Shares | 6/5/2020 | | A | | 1594 (1) | A | $0 | 27174 (2) | D | |
Registered Shares | 6/7/2020 | | F | | 501 (3) | D | $96.53 | 26673 (4) | D | |
Registered Shares | 6/8/2020 | | F | | 216 (5) | D | $99.30 | 26457 (6) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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) | Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 5, 2021. |
(2) | Includes (a) the 1,594 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and (b) a total of 4,602 additional unvested shares that were acquired pursuant to previously granted restricted stock units awards. |
(3) | On June 7, 2020, 2,004 shares that were acquired pursuant to an award of restricted stock units on June 7, 2019 vested and were released to the reporting person. Of these 2,004 shares, 501 were withheld to pay a resulting tax liability. |
(4) | Includes 4,192 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards. |
(5) | On June 8, 2020, 864 shares that were acquired pursuant to an award of restricted stock units on June 8, 2018 vested and were released to the reporting person. Of these 864 shares, 216 were withheld to pay a resulting tax liability. |
(6) | Includes 3,328 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Peffer Charles 5424 MOHAWK FAIRWAY, KS 66205 | X |
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Signatures
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By Andrew R. Etkind, Attorney-in-Fact | | 6/9/2020 |
**Signature of Reporting Person | Date |
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