KELLEY GARY V 4
4 · GARMIN LTD · Filed Dec 22, 2011
Insider Transaction Report
Form 4
GARMIN LTDGRMN
KELLEY GARY V
Vice President - Marketing
Transactions
- Sale
Common Shares
2011-12-21$39.36/sh−1,110$43,690→ 5,822 total
Footnotes (1)
- [F1]The number of shares reported in Column 5 includes (a) 1,800 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) 1,152 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) 1,332 shares that were acquired pursuant to the grant of restricted stock units in December 2010 (the award vests in five equal annual installments beginning in December 2011), and (d) 375 shares purchased for the reporting person's account in June 2011 under the Garmin Ltd. Employee Stock Purchase Plan.