4//SEC Filing
KELLEY GARY V 4
Accession 0001121788-10-000027
CIK 0001121788other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 7:01 AM ET
Size
11.6 KB
Accession
0001121788-10-000027
Insider Transaction Report
Form 4
GARMIN LTDGRMN
KELLEY GARY V
Vice President - Marketing
Transactions
- Sale
Common Shares
2010-11-30$28.95/sh−692$20,034→ 6,857 total - Exercise/Conversion
Common Shares
2010-11-30$21.59/sh+1,500$32,385→ 8,357 total - Exercise/Conversion
Stock Appreciation Right
2010-11-30−1,500→ 0 totalExercise: $21.59Exp: 2015-06-23→ Common Shares (1,500 underlying) - Tax Payment
Common Shares
2010-11-30$28.86/sh−1,241$35,815→ 7,116 total
Footnotes (4)
- [F1]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 $28.95 to $28.96 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.
- [F2]The number of Common Shares reported in Column 5 includes (a) 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), (b) 1,920 unvested shares acquired pursuant to an award of 1,920 restricted stock units in December 2009 (the award vests in five euqal annual installments beginning in December 2010, and (c) 375 shares that were purchased for the reporting person's account in June 2010 as a participant in the Garmin Ltd. Employee Stock Purchase Plan.
- [F3]These shares were delivered or withheld as payment of the exercise price and tax liability related to the exercise of the Stock Appreciation Right dislosed in Table II of this Form 4.
- [F4]The stock appreciation right vested in five equal annual installments beginninig on June 23, 2006.
Documents
Issuer
GARMIN LTD
CIK 0001121788
Entity typeother
Related Parties
1- filerCIK 0001239787
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 7:01 AM ET
- Size
- 11.6 KB