GARMIN LTD — Director's Dealing 2015

May 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2015-05-13

Reporting Person: ELLER DONALD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-13	Registered Shares	M	2750	$21.83	Acquired	14944	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-13	Stock Option (right to buy)	$21.83	M	2750	Disposed	2015-06-06	Registered Shares (2750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	500000	Indirect

Footnotes

F1: Includes (a) 801 unvested shares that were acquired pursuant to an award of restricted stock units on June 1, 2012, (b) 1,914 unvested shares acquired pursuant to a grant of restricted stock units on June 7, 2013, and (c) 1,780 unvested shares acquired pursuant to the grant of restricted stock units on June 6, 2014.

F2: The stock option vested in three equal installments beginning on June 6, 2006.