KELLEY GARY V 4
4 · GARMIN LTD · Filed Mar 26, 2010
Insider Transaction Report
Form 4
GARMIN LTDGRMN
KELLEY GARY V
Vice President - Marketing
Transactions
- Exercise/Conversion
Common Shares
2010-03-26$27.27/sh+5,200$141,804→ 13,506 total - Sale
Common Shares
2010-03-26$39.02/sh−5,817$226,979→ 7,689 total - Sale
Common Shares
2010-03-26$39.02/sh−515$20,095→ 7,174 total - Exercise/Conversion
Employee stock option (right to buy)
2010-03-26−5,200→ 0 totalExercise: $27.27Exp: 2013-12-23→ Common Shares (5,200 underlying)
Footnotes (2)
- [F1]The stock option vested in five equal annual installments beginning on December 23, 2004.
- [F2]The number of Common Shares reported in Column 5 includes: (a) 617 shares that were paid to the reporting person net of tax withholding in December 2009 upon vesting of restricted stock units that were awarded to him in December 2008, (b) 3,600 unvested shares acquired pursuant to an award of 4,500 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (c) 1,920 unvested shares that were acquired pursuant to an award of 1,920 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010); and (d) 515 shares that were purchased for the reporting person's account in December 2009 as a participant in Garmin Ltd.'s Employee Stock Purchase Plan.