GARMIN LTD — Director's Dealing 2015

Jun 4, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2015-05-19

Reporting Person: Huang Pao-Chang (General Manager - Garmin Corp.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-19	Registered Shares	M	8000	$21.59	Acquired	37643	Direct
2015-05-19	Registered Shares	D	3763	$45.91	Disposed	33880	Direct
2015-05-19	Registered Shares	S	4237	$45.91	Disposed	29643	Direct
2015-05-19	Registered Shares	M	11000	$30.66	Acquired	40643	Direct
2015-05-19	Registered Shares	D	7347	$45.91	Disposed	33296	Direct
2015-05-19	Registered Shares	S	3653	$45.91	Disposed	29643	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-19	Stock-Settled Stock Appreciation Right	$21.59	M	8000	Disposed	2015-06-23	Registered Shares (8000)	Direct
2015-05-19	Stock-Settled Stock Appreciation Right	$30.66	M	11000	Disposed	2015-12-16	Registered Shares (11000)	Direct

Footnotes

F1: Includes 9,002 unvested shares acquired pursuant to restricted stock unit awards previously granted.

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

F3: The stock appreciation right vested in five equal annual installments beginning on December 16, 2006.