GARMIN LTD — Director's Dealing 2013

Dec 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2013-12-10

Reporting Person: Pokorny Brian James (Vice President - Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-10	Registered Shares	A	1839	—	Acquired	12017	Direct
2013-12-10	Registered Shares	F	484	$49.07	Disposed	11533	Direct
2013-12-11	Registered Shares	F	212	$48.64	Disposed	11321	Direct

Footnotes

F1: Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Equity Incentive Plan. The award vests in three equal annual installments beginning in December 2014.

F2: Includes (a) 1,334 unvested shares acquired pursuant to an award of 3,335 restricted stock units on December 10, 2010 (the award vests in five annual installments); (b) 1,332 unvested shares acquired pursuant to an award of 3,330 restricted stock units on December 11, 2009 (the award vests in five annual installments); (c) 1,800 unvested shares acquired pursuant to an award of 9,000 restricted stock units on December 12, 2008 (the award vests in five annual installments); (d) 2,148 unvested shares acquired pursuant to a grant of 2,685 restricted stock units on December 14, 2011 (the award vests in five annual installments); (e) 1,710 unvested shares acquired pursuant to an award of 2,565 restricted stock units on December 10, 2012 (the award vests in five annual installments); (f) 1,839 unvested shares acquired pursuant to the grant of restricted shares described in Footnote 1; and (g) 402 shares acquired by the reporting person under the Employee Stock Purchase Plan in June 2013.

F3: On December 10, 2013, 667 shares that were acquired by the reporting person pursuant to the award of restricted stock units in December 2010 described in Footnote 2 vested and were paid to the reporting person. 212 of these 667 shares were withheld to pay the resulting tax liability. Also on December 10, 2013, 855 shares that were acquired by the reporting person pursuant to the award of restricted stock units in December 2013 described in Footnote 2 vested and were paid to the reporting person. 272 of these 885 shares were withheld to pay the resulting tax liability.

F4: On December 11, 2013, 666 shares that were acquired by the reporting person pursuant to the award of restricted stock units in December 2009 described in Footnote 2 vested and were paid to the reporting person. 212 of these 666 shares were withheld to pay the resulting tax liability.

F5: Includes (a) 1,334 unvested shares acquired pursuant to an award of 3,335 restricted stock units on December 10, 2010 (the award vests in five annual installments); (b) 666 unvested shares acquired pursuant to an award of 3,330 restricted stock units on December 11, 2009 (the award vests in five annual installments); (c) 1,800 unvested shares acquired pursuant to an award of 9,000 restricted stock units on December 12, 2008 (the award vests in five annual installments); (d) 2,148 unvested shares acquired pursuant to a grant of 2,685 restricted stock units on December 14, 2011 (the award vests in five annual installments); (e) 1,710 unvested shares acquired pursuant to an award of 2,565 restricted stock units on December 10, 2012 (the award vests in five annual installments); and (f) 1,839 unvested shares acquired pursuant to the grant of restricted shares described in Footnote 1.