BETTS GENE M 4
4 · GARMIN LTD · Filed May 10, 2012
Insider Transaction Report
Form 4
GARMIN LTDGRMN
BETTS GENE M
Director
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2012-05-08−1,994→ 0 totalExercise: $33.44Exp: 2020-05-20→ Common Shares (1,994 underlying) - Sale
Common Shares
2012-05-08$46.74/sh−1,994$93,200→ 2,999 total - Exercise/Conversion
Common Shares
2012-05-08$33.44/sh+1,994$66,679→ 4,993 total
Holdings
- 2,000(indirect: By Trust)
Common Shares
Footnotes (2)
- [F1]The stock option vests in three equal annual installments beginning on May 20, 2011.
- [F2]The number of shares reported in Column 5 includes 2,999 unvested shares that were acquired pursuant to the grant of restricted stock units in June 2011, which award vests in three equal annual installments beginning in June 2012.