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: Bartel Danny J (VP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-14	Registered Shares	F	239	$49.75	Disposed	159628	Direct
2016-12-15	Registered Shares	F	1081	$49.42	Disposed	158547	Direct
2016-12-15	Registered Shares	A	4611	—	Acquired	163158	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	1400	Indirect

Footnotes

F1: On December 14, 2016 752 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 752 shares, 239 shares were withheld to pay the resulting tax liability.

F2: Includes 8,876 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F3: On December 15, 2016 3,398 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 3,398 shares, 1,081 shares were withheld to pay the resulting tax liability.

F4: Includes 5,478 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F5: On December 15, 2016, the reporting person received a grant of 4,611 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2017.

F6: Includes 10,089 unvested shares acquired pursuant to the December 15, 2016 restricted stock units award and previously granted restricted stock unit awards.