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: Boessen Douglas G. (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-15	Registered Shares	F	1081	$49.42	Disposed	9190	Direct
2016-12-15	Registered Shares	A	4392	—	Acquired	13582	Direct

Footnotes

F1: On December 15, 2016, 3,398 shares that were required by the reporting person pursuant to previously granted restricted stock units awards vested and were paid to the reporting person. Of those 3,398 shares, 1,081 shares were withheld to pay the resulting tax liability.

F2: Includes 5,478 unvested shares acquired pursuant to the award of previously granted restricted stock units awards and 496 shares acquired by the reporting person in December 2015 and June 2016 under the Garmin Ltd. Employee Stock Purchase Plan.

F3: On December 15, 2016, the reporting person received a grant of 4,392 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2017.

F4: Includes 9,870 unvested shares acquired pursuant to the December 15, 2016 restricted stock units award and previously granted restricted stock units awards.