GARMIN LTD — Director's Dealing 2014

Dec 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2014-12-15

Reporting Person: Desbois Patrick (VP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-15	Registered Shares	A	4236	—	Acquired	13967	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 on December 15, 2015.

F2: Includes: (a) 4,236 unvested shares acquired pursuant to the award of restricted stock units described in Footnote 1 of this Form 4; (b) 4,968 unvested shares acquired pursuant to restricted stock unit awards granted in previous years; and (c) 1,986 net shares released to the reporting person in November and December 2014 upon vesting of previous restricted stock unit awards.