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GARMIN LTD Director's Dealing 2014

Dec 17, 2014

30027_dirs_2014-12-17_6985fc6d-b374-4822-b2e6-327fe0088fe1.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Bartel Danny J (VP, Worldwide Sales)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-12-15 Registered Shares A 3954 Acquired 78092 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Registered Shares 1400 Indirect

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) 3,954 unvested shares acquired pursuant to the award of restricted stock units described in Footnote 1 of this Form 4; 7,006 unvested shares acquired pursuant to restricted stock unit awards granted in previous years; and (c) 3,926 net shares released to the reporting person in December 2014 upon vesting of previous restricted stock unit awards.