GARMIN LTD — Director's Dealing 2015

Jun 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2015-05-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-12	Registered Shares	M	5000	$21.59	Acquired	83092	Direct
2015-05-12	Registered Shares	D	2311	$46.57	Disposed	80781	Direct
2015-05-12	Registered Shares	S	2689	$46.57	Disposed	78092	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-12	Stock-settled stock appreciation right	$21.59	M	5000	Disposed	2015-06-23	Registered Shares (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	1400	Indirect

Footnotes

F1: Includes 10,963 unvested shares acquired pursuant to previously granted awards of restricted stock units.

F2: The stock appreciation right vested in five equal annual installments beginning on June 23, 2006.