GARMIN LTD — Director's Dealing 2015

Dec 8, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2015-11-30

Reporting Person: BURRELL JONATHAN (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-30	Registered Shares	G	6400000	—	Disposed	9302000	Indirect
2015-11-30	Registered Shares	G	6400000	—	Acquired	7263570	Indirect
2015-12-07	Registered Shares	G	3200000	—	Disposed	4063570	Indirect
2015-12-07	Registered Shares	G	3200000	—	Acquired	3200000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	60000	Indirect
Registered Shares	9000000	Indirect

Footnotes

F1: The reporting person is a co-trustee of his father's revocable trust and is his father's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F2: The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F3: The reporting person is a co-trustee of 4 grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F4: The reporting person is a co-trustee of three charitable lead annuity trusts (CLATs) and holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.