GARMIN LTD — Director's Dealing 2017

Nov 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2017-11-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-01	Registered Shares	M	28220	$39.71	Acquired	151503	Direct
2017-11-01	Registered Shares	S	28220	$60.00	Disposed	123283	Direct
2017-11-01	Registered Shares	S	10082	$60.00	Disposed	113201	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-01	Employee stock option (right to buy)	$39.71	M	28220	Disposed	2021-12-28	Registered Shares (28220)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	255	Indirect

Footnotes

F1: Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2017.

F2: Includes 45,356 unvested shares acquired pursuant to previously granted restricted stock units awards.

F3: The stock option vested in five equal annual installments beginning on December 28, 2012.