GARMIN LTD — Director's Dealing 2017

Jun 12, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2017-06-09

Reporting Person: ELLER DONALD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-09	Registered Shares	A	2608	—	Acquired	452826	Direct
2017-06-12	Registered Shares	F	271	$51.89	Disposed	452555	Direct

Footnotes

F1: Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan. The award vests in three equal annual installments beginning on June 9, 2018.

F2: Includes (a) the 2,608 unvested shares that were acquired pursuant to the grant of the restricted stock unit award described in footnote 1 and (b) a total of 4,246 additional unvested shares that were acquired pursuant to previously granted restricted stock units awards.

F3: On June 12, 2017, 1,082 shares that were acquired pursuant to an award of restricted stock units on June 10, 2016 vested and were released to the reporting person. Of these 1,082 shares, 271 were withheld to pay a resulting tax liability.

F4: Includes 5,772 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.