BETTS GENE M 4
4 · GARMIN LTD · Filed May 22, 2013
Insider Transaction Report
Form 4
GARMIN LTDGRMN
BETTS GENE M
Director
Transactions
- Sale
Registered Shares
2013-05-21$36.68/sh−1,993$73,103→ 5,153 total - Sale
Registered Shares
2013-05-21$36.67/sh−1,000$36,670→ 5,153 total - Exercise/Conversion
Registered Shares
2013-05-21$33.44/sh+1,993$66,646→ 7,146 total - Exercise/Conversion
Stock option (right to buy)
2013-05-21−1,993→ 0 totalExercise: $33.44Exp: 2020-05-20→ Registered Shares (1,993 underlying)
Footnotes (2)
- [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 (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 on June 1, 2012, which award vests in three equal annual installments beginning on June 1, 2013.
- [F2]The stock option vested in three annual installments beginning on May 20, 2011.