GARMIN LTD — Director's Dealing 2016

Dec 16, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2016-12-14

Reporting Person: PEMBLE CLIFTON A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-14	Registered Shares	F	513	$49.75	Disposed	97753	Direct
2016-12-15	Registered Shares	F	4415	$49.42	Disposed	93338	Direct
2016-12-15	Registered Shares	A	16470	—	Acquired	109808	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	505	Indirect

Footnotes

F1: On December 14, 2016 1,611 shares that were acquired by the reporting person pursuant to a previously granted restricted stock units award vested and were paid to the reporting person. Of those 1,611 shares, 513 shares were withheld to pay the resulting tax liability.

F2: Includes 27,467 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F3: On December 15, 2016 10,515 shares that were acquired by the reporting person pursuant to previously granted restricted stock units awards vested and were paid to the reporting person. Of those 10,515 shares, 4,415 shares were withheld to pay the resulting tax liability.

F4: Includes16,952 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F5: On December 15, 2016, the reporting person received a grant of 16,470 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2017.

F6: Includes 33,422 unvested shares acquired pursuant to the grant of the December 15, 2016 restricted stock units award and previously granted restricted stock unit awards.