GARMIN LTD — Director's Dealing 2015

Dec 16, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2015-12-14

Reporting Person: Biddlecombe Sean (Managing Director, EMEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-14	Registered Shares	F	125	$34.88	Disposed	9019	Direct
2015-12-15	Registered Shares	F	147	$35.38	Disposed	8872	Direct
2015-12-15	Registered Shares	A	1485	—	Acquired	10357	Direct

Footnotes

F1: On December 14, 2015, 268 shares that were acquired by the reporting person pursuant to a previously granted restricted stock units award vested and were paid to the reporting person. Of those 268 shares, 125 shares were withheld to pay the resulting tax liability.

F2: Includes 1,351 unvested shares acquired pursuant to the award of restricted stock units awards granted in previous years.

F3: On December 15, 2015, 314 shares that were acquired by the reporting person pursuant to a previously granted restricted stock units award vested and were paid to the reporting person. Of those 314 shares, 147 shares were withheld to pay the resulting tax liability.

F4: Includes 1,037 unvested shares acquired pursuant to the award of restricted stock units awards granted in previous years.

F5: On December 15, 2015, the reporting person received a grant of restricted stock unit awards, which vest in three equal annual installments beginning on December 15, 2016.

F6: Includes 2,522 unvested shares acquired pursuant to the December 15, 2015 award of restricted stock units and restricted stock units awards granted in previous years.