Form Type: 4

SEC EDGAR Link
Accession Number:0001014108-21-000215
Date:2021-12-09
Issuer: GARMIN LTD (GRMN)
Original Submission Date:

Reporting Person:

BURRELL JONATHAN
6300 WEST 143RD STREET
OVERLAND PARK, KS 66223

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
REGISTERED SHARES 2021-12-09 G 309,000 a $0.00 1,091,151 indirect f2
REGISTERED SHARES 2021-12-10 G 1,000,000 d $0.00 91,151 indirect f2
REGISTERED SHARES 2021-12-09 G 309,000 d $0.00 10,120,720 indirect f4
REGISTERED SHARES 2021-12-10 G 1,000,000 a $0.00 11,120,720 indirect f4
REGISTERED SHARES 2021-12-10 G 509,720 d $0.00 10,611,000 indirect f4
REGISTERED SHARES 2021-12-10 G 169,908 a $0.00 766,498 indirect f5
REGISTERED SHARES 2021-12-09 0 $0.00 5,687 direct
REGISTERED SHARES 2021-12-09 0 $0.00 30,000 indirect
REGISTERED SHARES 2021-12-09 0 $0.00 8,948,049 indirect f3
REGISTERED SHARES 2021-12-09 0 $0.00 43,478 indirect f6
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 consists of (a) 4,642 registered shares, and (b) unvested rsus awarded to the reporting person under the garmin ltd. non-employee directors' equity incentive plan that can be settled only in registered shares, which rsus consist of the rsus granted on june 4, 2021 that vest as to 1,045 shares on june 4, 2022.
f2 the reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
f3 the reporting person is a co-trustee of several charitable lead annuity trusts (clats) and holds a remainder interest therein. the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
f4 the reporting person is a co-trustee of several grantor retained annuity trusts (grats) established by his mother, and he holds a remainder interest therein. the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
f5 the reporting person is a co-trustee of a grat remainder trust established for his benefit.
f6 the reporting person is the manager of a limited liability company, which is wholly-owned by a grat remainder trust established for the reporting person's benefit.

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