0001014108-21-000129.txt : 20210602 0001014108-21-000129.hdr.sgml : 20210602 20210602105511 ACCESSION NUMBER: 0001014108-21-000129 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210601 FILED AS OF DATE: 20210602 DATE AS OF CHANGE: 20210602 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BURRELL JONATHAN CENTRAL INDEX KEY: 0001134084 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31983 FILM NUMBER: 21988079 MAIL ADDRESS: STREET 1: 6300 WEST 143RD STREET CITY: OVERLAND PARK STATE: KS ZIP: 66223 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GARMIN LTD CENTRAL INDEX KEY: 0001121788 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 980229227 STATE OF INCORPORATION: V8 FISCAL YEAR END: 1225 BUSINESS ADDRESS: STREET 1: MUHLENTALSTRASSE 2 CITY: SCHAFFHAUSEN STATE: V8 ZIP: CH-8200 BUSINESS PHONE: 41 52 630 1600 MAIL ADDRESS: STREET 1: MUHLENTALSTRASSE 2 CITY: SCHAFFHAUSEN STATE: V8 ZIP: CH-8200 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2021-06-01 0 0001121788 GARMIN LTD GRMN 0001134084 BURRELL JONATHAN 6300 WEST 143RD STREET OVERLAND PARK KS 66223 1 0 1 0 Registered Shares 5258 D Registered Shares 30000 I By trust Registered Shares 2021-06-01 4 S 0 400 141.949 D 1973514 I By trust Registered Shares 2021-06-01 4 S 0 105757 142.522 D 1867757 I By trust Registered Shares 2021-06-01 4 S 0 33300 143.266 D 1834457 I By trust Registered Shares 2021-06-01 4 S 0 10543 144.091 D 1823914 I By trust Registered Shares 8948049 I By CLATs Registered Shares 9985420 I By GRATs Registered Shares 469358 I By trust Registered Shares 43478 I By LLC The sale of Registered Shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the revocable trust of the reporting person's mother on May 14, 2021. The price reported here in Column 4 is a weighted average price, and reflects the sale of Registered Shares in multiple transactions at per share prices ranging from $141.92 to $141.975, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in each of footnotes (2), (3), (4) and (5) of this report on Form 4. The price reported here in Column 4 is a weighted average price, and reflects the sale of Registered Shares in multiple transactions at per share prices ranging from $142.005 to $142.995, inclusive. The price reported here in Column 4 is a weighted average price, and reflects the sale of Registered Shares in multiple transactions at per share prices ranging from $143.00 to $143.99, inclusive. The price reported here in Column 4 is a weighted average price, and reflects the sale of Registered Shares in multiple transactions at per share prices ranging from $144.00 to $144.50, inclusive. Consists of (a) 2,799 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: (i) RSUs granted on June 5, 2020 that vest as to 1,594 shares on June 5, 2021; and (ii) RSUs granted on June 8, 2018 that vest as to 865 shares on June 8, 2021. 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. 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. 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. The reporting person is a co-trustee of a GRAT remainder trust established for his benefit. 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. /s/ Jonathan Burrell 2021-06-01