GARMIN LTD — Director's Dealing 2015

Nov 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-11	Registered Shares	M	6000	$30.66	Acquired	146089	Direct
2015-11-11	Registered Shares	D	4875	$37.74	Disposed	141214	Direct
2015-11-11	Registered Shares	S	1125	$37.74	Disposed	140089	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-11	Stock-settled stock appreciation right	$30.66	M	6000	Disposed	2015-12-16	Registered Shares (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	1400	Indirect

Footnotes

F1: Includes 10,960 unvested shares acquired pursuant to previously awarded restricted stock units.

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