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: 2015-12-04

Reporting Person: Straub Philip (VP, Man. Director - Aviation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-04	Registered Shares	M	10000	$30.66	Acquired	46988	Direct
2015-12-04	Registered Shares	D	8086	$37.92	Disposed	38902	Direct
2015-12-04	Registered Shares	S	1914	$37.92	Disposed	36988	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-04	Stock-settled stock appreciation right	$30.66	M	10000	Disposed	2015-12-16	Registered Shares (10000)	Direct

Footnotes

F1: Includes: (a) 10,760 unvested shares acquired pursuant to previously granted restricted stock unit awards; and (b) 140 shares acquired in December 2014 under the Garmin Ltd. Employee Stock Purchase Plan.

F2: The stock appreciation right vested in five equal annual installments beginning on December 16, 2006.