Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-21-031390
Date:2021-12-15
Issuer: GARMIN LTD (GRMN)
Original Submission Date:

Reporting Person:

BOESSEN DOUGLAS G.
1200 E. 151ST ST.
OLATHE, KS 66062

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 2021-12-15 F 1,371 d $135.43 32,217 direct
REGISTERED SHARES 2021-12-15 A 2,583 a $0.00 34,800 direct
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 on december 15, 2021, 3,087 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. of those 3,087 shares, 1,371 shares were withheld to pay the resulting tax liability.
f2 includes 8,382 unvested shares acquired pursuant to previously granted restricted stock unit awards and 120 shares acquired by the reporting person in june 2021 under the garmin ltd. employee stock purchase plan.
f3 on december 15, 2021 the reporting person received a grant of 2,583 restricted stock units, which vest in three equal annual installments, beginning on december 15, 2022.
f4 includes 10,965 unvested shares acquired pursuant to the december 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.

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