v2.4.0.8
Redomestication (Tables)
 12 Months Ended
Dec. 28, 2013
Summary of The Components of Authorized Shares
The summary of the components of authorized shares at December 28, 2013, December 29, 2012, December 31, 2011 and changes during 2013 and 2012 are as follows:
 
 
 
Outstanding
 
Treasury
 
 
Issued
 
 
Conditional
 
 
Authorized
 
 
 
 
Shares
 
Shares
 
 
Shares1
 
 
Capital
 
 
Capital
 
 
Changes in components of authorized shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2011
 
194,662,617
 
13,414,801
2
 
208,077,418
2,3
 
104,038,709
4
 
104,038,709
4
 
Treasury shares purchased
 
(465,020)
 
465,020
 
 
-
 
 
-
 
 
-
 
 
Treasury shares issued for stock based compensation
 
1,394,257
 
(1,394,257)
 
 
 
 
 
 
 
 
 
 
 
Expiration of authorized capital
 
-
 
-
 
 
-
 
 
-
 
 
(104,038,709)
 
 
December 29, 2012
 
195,591,854
 
12,485,564
2
 
208,077,418
2,3
 
104,038,709
4
 
-
4
 
Treasury shares purchased
 
(1,932,208)
 
1,932,208
 
 
-
 
 
-
 
 
-
 
 
Treasury shares issued for stock based compensation
 
1,490,456
 
(1,490,456)
 
 
-
 
 
-
 
 
-
 
 
December 28, 2013
 
195,150,102
 
12,927,316
2
 
208,077,418
2,3
 
104,038,709
4
 
-
4
 
 
1
Shares at CHF 10 par value (USD 9.0744)
2
Includes 10,000,000 formation shares at USD 0 historical cost
 
3
The par value of the share capital presented on the face of the balance sheet and in the consolidated statements of stockholders equity excludes the par value of the 10,000,000 formation shares.
 
4
Up to 104,038,709 conditional shares may be issued through the exercise of option rights which are granted to Garmin employees and/or members of its Board of Directors. In addition, the Board of Directors is authorized to issue up to 104,038,709 additional shares no later than June 27, 2012.