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: Biddlecombe Sean (Managing Director, EMEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-14	Registered Shares	F	125	$49.75	Disposed	9615	Direct
2016-12-15	Restricted Shares	F	379	$49.42	Disposed	9236	Direct
2016-12-15	Resticted Shares	A	1098	—	Acquired	10334	Direct

Footnotes

F1: On December 14, 2016 268 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 268 shares, 125 shares were withheld to pay the resulting tax liability.

F2: Includes 2,113 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F3: On December 15, 2016 809 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 809 shares, 379 shares were withheld to pay the resulting tax liability.

F4: Includes 1,304 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F5: On December 15, 2016 the reporting person received a grant of 1,098 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2017.

F6: Includes 2,402 unvested shares acquired pursuant to the December 15, 2016 restricted stock units award and previously granted restricted stock unit awards.