BETTS GENE M 4

4 · GARMIN LTD · Filed Jun 7, 2012

Form 4

Period: 2012-06-05

Director

Transactions

Sale
Common Shares
2012-06-05$41.80/sh−4,881$204,026→ 5,153 total
Exercise/Conversion
Common Shares
2012-06-05$23.09/sh+2,887$66,661→ 8,040 total
Exercise/Conversion
Stock option (right to buy)
2012-06-05−1,994→ 1,993 total
Exercise: $33.44Exp: 2020-05-20→ Common Shares (1,994 underlying)
Exercise/Conversion
Common Shares
2012-06-05$33.44/sh+1,994$66,679→ 10,034 total
Exercise/Conversion
Stock Option (right to buy)
2012-06-05−2,887→ 0 total
Exercise: $23.09Exp: 2019-06-05→ Common Shares (2,887 underlying)

Holdings

Footnotes (4)

[F1]The number of shares reported in 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, which 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 2,404 restricted stock units on June 1, 2012, which award vests in three equal annual installments beginning on June 1, 2013.
[F2]The price is a weighted average price. The Common Shares were sold in separate transactions on the same day at prices ranging from $41.78 to $41.82 per share. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the range set forth in this Footnote.
[F3]The stock option vests in three equal annual installments beginning on June 5, 2010.
[F4]The stock option vests in three equal annual installments beginning on May 20, 2011.

Documents

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