GARMIN LTD — Director's Dealing 2015

Jun 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2015-06-05

Reporting Person: ELLER DONALD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-01	Registered Shares	F	200	$45.39	Disposed	14744	Direct
2015-06-05	Registered Shares	A	3002	—	Acquired	17746	Direct
2015-06-06	Registered Shares	F	148	$45.26	Disposed	17598	Direct
2015-06-07	Registered Shares	F	239	$45.26	Disposed	17359	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	500000	Indirect

Footnotes

F1: On June 1, 2015, 801 shares that were acquired pursuant to an award of restricted stock units on June 1, 2012 vested and were released to the reporting person. Of these 801 shares, 200 were withheld to pay a resulting tax liability.

F2: Includes a total of 3,694 unvested shares that were acquired pursuant to previously granted restricted stock units awards.

F3: Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan. The award vests in three equal annual installments beginning on June 5, 2016.

F4: Includes (a) the 3,002 unvested shares that were acquired pursuant to the grant of the restricted stock units award described in footnote 3, and (b) a total of 3,694 additional unvested shares that were acquired pursuant to previously granted restricted stock units awards.

F5: On June 6, 2015, 594 shares that were acquired pursuant to an award of restricted stock units on June 6, 2014 vested and were released to the reporting person. Of these 594 shares, 148 were withheld to pay a resulting tax liability.

F6: Includes (a) the 3,002 unvested shares that were acquired pursuant to the grant of the restricted stock unit award described in footnote 3, and (b) a total of 3,100 additional unvested shares that were acquired pursuant to previously granted restricted stock units awards.

F7: On June 7, 2015, 957 shares that were acquired pursuant to an award of restricted stock units on June 7, 2013 vested and were released to the reporting person. Of these 957 shares, 239 were withheld to pay a resulting tax liability.

F8: Includes (a) the 3,002 unvested shares that were acquired pursuant to the grant of the restricted stock unit award described in footnote 3, and (b) a total of 2,143 additional unvested shares that were acquired pursuant to previously granted restricted stock units awards.