GARMIN LTD 4
4 · GARMIN LTD · Filed Mar 1, 2017
Insider Transaction Report
Form 4
GARMIN LTDGRMN
Huang Pao-Chang
General Manager - Garmin Corp.
Transactions
- Award
Registered Shares
2017-02-25+3,214→ 34,810 total
Footnotes (2)
- [F1]Shares aquired pursuant to a February 2016 grant of 4,821 restricted stock units that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. One-third, or 1,607 shares, were released to the reporting person on February 25, 2017, and the remaining 3,214 unvested shares vest in two equal annual installments.
- [F2]Includes 8,518 unvested shares acquired pursuant to previously granted restricted stock unit awards and the 3,214 remaining unvested shares acquired pursuant to the restricted stock units award described above in Footnote 1.