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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Pokorny Brian James 1200 EAST 151ST STREET OLATHE, KS 66062 |
Vice President - Operations |
Joshua H. Maxfield, Attorney-in-Fact | 12/14/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 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 2011. |
(2) | The number of shares reported in Row 1 of Column 5 includes (a) 5,400 unvested shares that were acquired pursuant to an award of 9,000 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 2,664 unvested shares that were acquired pursuant to an award of 3,330 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010), (c) the 3,335 unvested shares that were acquired pursuant to the grant of restricted stock units disclosed in Column 4 and further described in Footnote (1), (d) 666 shares that were paid to the reporting person on December 11, 2010 upon vesting of restricted stock units that were awarded to him in December 2009, and (e) 1,800 shares that were paid to the reporting person on December 12, 2010 upon vesting of restricted stock units that were awarded to him in December 2010. |
(3) | On December 11, 2010, 666 shares that were acquired by the reporting person pursuant to the award of restricted stock units in December 2009 that is reported in Footnote 2 vested and were paid to the reporting person. 209 of these 666 shares were withheld to pay the resulting tax liability. |
(4) | The numbers of shares reported in Rows 2 and 3 of Column 5 include (a) 5,400 unvested shares that were acquired pursuant to an award of 9,000 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 2,664 unvested shares that were acquired pursuant to an award of 3,330 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010), (c) the 3,335 unvested shares that were acquired pursuant to the grant of restricted stock units disclosed in Column 4 and further described in Footnote (1). |
(5) | On December 12, 2010, 1,800 shares that were acquired by the reporting person pursuant to the award of restricted stock units in December 2008 that is reported in Footnote 2 vested and were paid to the reporting person. 566 of these 1,800 shares were withheld to pay the resulting tax liability. |