ELLER DONALD 4
4 · GARMIN LTD · Filed May 11, 2018
Insider Transaction Report
Form 4
GARMIN LTDGRMN
ELLER DONALD
Director
Transactions
- Sale
Registered Shares
2018-05-09$59.36/sh−3,924$232,944→ 452,555 total - Exercise/Conversion
Registered Shares
2018-05-09$50.97/sh+3,924$200,006→ 456,479 total - Exercise/Conversion
Stock Option (Right to Buy)
2018-05-09−3,924→ 0 totalExercise: $50.97Exp: 2018-06-06→ Registered Shares (3,924 underlying)
Footnotes (3)
- [F1]Includes 5,772 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.
- [F2]This transaction was executed in multiple trades at prices ranging from $59.362 to $59.382. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
- [F3]The option vested in three equal annual installments beginning on June 6, 2009.