4//SEC Filing
KELLEY GARY V 4
Accession 0001121788-10-000032
CIK 0001121788other
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 10:27 AM ET
Size
10.4 KB
Accession
0001121788-10-000032
Insider Transaction Report
Form 4
GARMIN LTDGRMN
KELLEY GARY V
Vice President - Marketing
Transactions
- Tax Payment
Common Shares
2010-12-12$30.04/sh−283$8,501→ 8,378 total - Award
Common Shares
2010-12-10+1,665→ 8,781 total - Tax Payment
Common Shares
2010-12-11$30.04/sh−120$3,605→ 8,661 total
Footnotes (5)
- [F1]The shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2005 Equity Incentive Plan. The award vests in five equal annual installments beginning December 10, 2011.
- [F2]The number of shares reported in Row 1 of Column 5 includes (a) 2,700 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) 1,536 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, (c) the 1,665 shares that were acquired pursuant to the grant of restricted stock units disclosed in Column 4 and further described in Footnote (1), (d) 900 shares that were paid to the reporting person on December 12, 2010 upon vesting of restricted stock units awarded to him in December 2008, and (e) 384 shares that were paid to the reporting person on December 11, 2010 upon vesting of restricted stock units awarded to him in December 2009.
- [F3]On December 11, 2010, 384 shares that were acquired by the reporting person pursuant to the award of restricted stock units in December 2009 reported in Footnote (2) vested and were paid to the reporting person. 120 of these 384 shares were withheld to pay the resulting tax liability.
- [F4]The numbers of shares eported in Rows 2 and 3 of Column 5 includes (a) 2,700 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) 1,536 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, (c) the 1,665 shares that were acquired pursuant to the grant of restricted stock units disclosed in Column 4 and further described in Footnote (1).
- [F5]On December 12, 2010, 900 shares that were acquired by the reporting person pursuant to the award of restricted stock units in December 2008 reported in Footnote (2) vested and were paid to the reporting person. 283 of these 900 shares were withheld to pay the resulting tax liability.
Documents
Issuer
GARMIN LTD
CIK 0001121788
Entity typeother
Related Parties
1- filerCIK 0001239787
Filing Metadata
- Form type
- 4
- Filed
- Dec 13, 7:00 PM ET
- Accepted
- Dec 14, 10:27 AM ET
- Size
- 10.4 KB