Poberezny Thomas 4
4 · GARMIN LTD · Filed Jun 5, 2012
Insider Transaction Report
Form 4
GARMIN LTDGRMN
Poberezny Thomas
Director
Transactions
- Award
Common Shares
2012-06-01+2,404→ 5,403 total - Tax Payment
Common Shares
2012-06-03$42.19/sh−250$10,548→ 5,153 total
Footnotes (4)
- [F1]Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests in three equal annual installments beginning on June 1, 2013.
- [F2]The number of shares reported in Row 1, Column 5 includes (a) 2,999 unvested shares that were acquired pursuant to the grant of 2,999 restricted stock units on June 3, 2011 (the award vests in three equal annual installments beginning on June 3, 2012), and (b) 2,404 unvested shares that were acquired pursuant to the grant of restricted stock units described in Footnote 1.
- [F3]On June 3, 2012 1,000 shares that were acquired by the reporting person pursuant to the award of resticted stock units on June 3, 2011 were paid to the reporting person. 250 of these 1,000 shares were withheld to pay a resulting tax liability.
- [F4]The number of shares reported in Row 2, Column 5 includes (a) 1,999 unvested shares that were acquired pursuant to the grant of 2,999 restricted stock units on June 3, 2011 (the award vests in three equal annual installments beginning on June 3, 2012), and (b) 2,404 unvested shares that were acquired pursuant to the grant of restricted stock units described in Footnote 1.