Schedule 13G Amendment No. 4

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

 

Garmin Ltd.


(Name of Issuer)

 

Common Shares


(Title of Class of Securities)

 

 

G37260 10 9


                                (CUSIP Number)                                

 

December 31, 2005


(Date of Event which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

¨ Rule 13d-1(c)

 

x Rule 13d-1(d)

 

*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. G37260 10 9

   Page 2 of 10 pages

 

  1  

Names of Reporting Persons

I.R.S. Identification Nos. of Above Persons (entities only)

 

            Min H. Kao

   
  2  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  ¨

   
  3  

SEC Use Only

 

   
  4  

Citizenship or Place of Organization

 

            USA

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  5    Sole Voting Power

 

                6,062,894


  6    Shared Voting Power

 

                15,221,784


  7    Sole Dispositive Power

 

                6,062,894


  8    Shared Dispositive Power

 

                15,221,784

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            23,888,590

   
10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 

¨

 

11  

Percent of Class Represented by Amount in Row (9)

 

            22.1 %

   
12  

Type of Reporting Person

 

            IN

   

 

 


CUSIP No. G37260 10 9

   Page 3 of 10 pages

 

  1  

Names of Reporting Persons

I.R.S. Identification Nos. of Above Persons (entities only)

 

            Yu-Fan C. Kao

   
  2  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  ¨

   
  3  

SEC Use Only

 

   
  4  

Citizenship or Place of Organization

 

            USA

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  5    Sole Voting Power

 

                2,603,912


  6    Shared Voting Power

 

                15,221,784


  7    Sole Dispositive Power

 

                2,603,912


  8    Shared Dispositive Power

 

                 15,221,784

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            23,888,590

   
10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 

¨

 

11  

Percent of Class Represented by Amount in Row (9)

 

            22.1 %

   
12  

Type of Reporting Person

 

            IN

   

 

 


CUSIP No. G37260 10 9

   Page 4 of 10 pages

 

  1  

Names of Reporting Persons

I.R.S. Identification Nos. of Above Persons (entities only)

 

            Jennifer Kao

   
  2  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  ¨

   
  3  

SEC Use Only

 

   
  4  

Citizenship or Place of Organization

 

            USA

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  5    Sole Voting Power

 

                0


  6    Shared Voting Power

 

                7,610,892


  7    Sole Dispositive Power

 

                0


  8    Shared Dispositive Power

 

                7,610,892

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            7,610,892

   
10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 

x

 

11  

Percent of Class Represented by Amount in Row (9)

 

            7 %

   
12  

Type of Reporting Person

 

            IN

   

 

 


CUSIP No. G37260 10 9

   Page 5 of 10 pages

 

  1  

Names of Reporting Persons

I.R.S. Identification Nos. of Above Persons (entities only)

 

            Kenneth Kao

   
  2  

Check the Appropriate Box if a Member of a Group

(a)  ¨

(b)  ¨

   
  3  

SEC Use Only

 

   
  4  

Citizenship or Place of Organization

 

            USA

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  5    Sole Voting Power

 

                0


  6    Shared Voting Power

 

                7,610,892


  7    Sole Dispositive Power

 

                0


  8    Shared Dispositive Power

 

                7,610,892

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            7,610,892

   
10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 

x

 

11  

Percent of Class Represented by Amount in Row (9)

 

            7 %

   
12  

Type of Reporting Person

 

            IN

   

 

 


CUSIP No. G37260 10 9

   Page 6 of 10 pages

 

Item 1

 

(a)

   Name of Issuer:          
         Garmin Ltd.          

Item 1

 

(b)

   Address of Issuer’s Principal Executive Offices:          
        

5th Floor, Harbour Place, P.O. Box 30464 SMB, 103 South Church Street, George Town,

Grand Cayman, Cayman Islands

         

Item 2

 

(a)

   Name of Person Filing:          
         (i) Min H. Kao          
         (ii) Yu-Fan C. Kao          
         (iii) Jennifer Kao          
         (iv) Kenneth Kao          

Item 2

 

(b)

   Address of Principal Business Office or, if none, Residence:          
         1200 East 151st Street, Olathe, Kansas 66062 for each person listed in 2(a)(i) - (iv)          

Item 2

 

(c)

   Citizenship:          
         USA for each person listed in 2(a)(i)-(iv)          

Item 2

 

(d)

   Title of Class of Securities:          
         Common Shares          

Item 2

 

(e)

   CUSIP Number:              
         G37260 10 9          

Item 3.

  If this statement is filed pursuant to § § 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:     
    (a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
    (b)    ¨    Bank is defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)    ¨    An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
    (f)    ¨    An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
    (g)    ¨    A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);


CUSIP No. G37260 10 9

   Page 7 of 10 pages

 

    (h)    ¨    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)    ¨    Group, in accordance with § 240.13d-1(b)(1)(ii)(J).
         x    Not applicable. (For each person listed in 2(a)(i)-(iv))

Item 4.

  

Ownership

 

 

     (a)    Amount beneficially owned:          

Min H. Kao

   23,888,590 (1)

Yu-Fan C. Kao

   23,888,590 (1)

Jennifer Kao

   7,610,892 (2)

Kenneth Kao

   7,610,892 (2)

 

     (b)    Percent of class:          

Min H. Kao

   22.1 %

Yu-Fan C. Kao

   22.1 %

Jennifer Kao

   7 %

Kenneth Kao

   7 %

 

     (c)    Number of shares as to which the person has:          
          (i)    sole power to vote or to direct the vote:          

Min H. Kao

   6,062,894

Yu-Fan C. Kao

   2,603,912

Jennifer Kao

   0

Kenneth Kao

   0

 

          (ii)   

shared power to vote or to direct the vote:

 

         

Min H. Kao

   15,221,784

Yu-Fan C. Kao

   15,221,784

Jennifer Kao

   7,610,892

Kenneth Kao

   7,610,892

 

          (iii)    sole power to dispose or to direct the disposition of:          

 

Min H. Kao

   6,062,894

Yu-Fan C. Kao

   2,603,912

Jennifer Kao

   0

Kenneth Kao

   0

 

          (iv)    shared power to dispose or to direct the disposition of:          

 

Min H. Kao

   15,221,784

Yu-Fan C. Kao

   15,221,784

Jennifer Kao

   7,610,892

Kenneth Kao

   7,610,892

 

(1) Of the 23,888,590 Common Shares, (i) 6,062,894 Common Shares are held by the Min-Hwan Kao Revocable Trust 9/28/95, over which Min H. Kao has sole voting and dispositive power, (ii) 2,603,912 Common Shares are held by the Yu-Fan C. Kao Revocable Trust 9/28/95 over which Yu-Fan C. Kao has sole voting and dispositive power, and (iii) 15,221,784 Common Shares are held by revocable trusts established by Jennifer Kao and Kenneth Kao, the children of Min H. Kao and Yu-Fan C. Kao.


CUSIP No. G37260 10 9

   Page 8 of 10 pages

 

Min H. Kao disclaims beneficial ownership of those shares owned by the Yu-Fan C. Kao Revocable Trust 9/28/95 and of those shares owned by the revocable trusts established by his children. Yu-Fan C. Kao disclaims beneficial ownership of those shares owned by the Min-Hwan Kao Revocable Trust 9/28/95 and of those shares owned by the revocable trusts established by her children.

(2) A revocable trust established by Jennifer Kao holds 7,610,892 Common Shares and a revocable trust established by Kenneth Kao holds 7,610,892 Common Shares. Jennifer Kao and Kenneth Kao each disclaim beneficial ownership of the Common Shares held by the Min-Hwan Kao Revocable Trust 9/28/95 and the Yu-Fan C. Kao Revocable Trust 9/28/95 over which they have no voting or dispositive power and, with respect to Jennifer Kao, the Common Shares held by the revocable trust established by Kenneth Kao over which she has no voting or dispositive power, and with respect to Kenneth Kao, the Common Shares held by the revocable trust established by Jennifer Kao over which he has no voting or dispositive power.

Item 5.

  

Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.  ¨

    

Item 6.

  

Ownership of More than Five Percent on Behalf of Another Person

 

Not Applicable

         

Item 7.

  

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

 

Not Applicable

Item 8.

  

Identification and Classification of Members of the Group

 

Not Applicable

         

Item 9.

  

Notice of Dissolution of Group

 

Not Applicable

         

Item 10.

  

Certification

 

Not Applicable

         


CUSIP No. G37260 10 9

   Page 9 of 10 pages

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: January 16, 2006

 

By:

 

/s/ Min H. Kao


     

By:

 

/s/ Yu-Fan C. Kao


Name:

 

Min H. Kao

     

Name:

 

Yu-Fan C. Kao

By:

 

/s/ Jennifer Kao


 

by Min H. Kao, attorney-in-fact

 

By:

 

/s/ Kenneth Kao


Name:

 

Jennifer Kao

     

Name:

 

Kenneth Kao

 

Pursuant to the Joint Filing Agreement with respect to Schedule 13G attached hereto as Exhibit I, among Min H. Kao, Yu-Fan C. Kao, Jennifer Kao and Kenneth Kao, this statement on Schedule 13G is filed on behalf of each of them.


CUSIP No. G37260 10 9

   Page 10 of 10 pages

 

EXHIBIT I

 

JOINT FILING AGREEMENT

 

Each of the undersigned hereby agrees that the Schedule 13G filed herewith is filed jointly, pursuant to Rule 13d-1(f)(1) of the Securities Exchange Act of 1934, as amended, on behalf of each of them.

 

Dated: January 16, 2006

 

MIN H. KAO

   

/s/ Min H. Kao


   

Min H. Kao

   

YU-FAN C. KAO

   

/s/ Yu-Fan C. Kao


   

Yu-Fan C. Kao

   

JENNIFER KAO

   

/s/ Jennifer Kao


 

by Min H. Kao, attorney-in-fact

Jennifer Kao

   

KENNETH KAO

   

/s/ Kenneth Kao


   

Kenneth Kao