GARMIN LTD — Director's Dealing 2017

May 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2017-05-26

Reporting Person: BURRELL JONATHAN (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-26	Registered Shares	G	2000000	—	Disposed	2336570	Indirect
2017-05-26	Registered Shares	G	1043500	—	Acquired	3380070	Indirect
2017-05-26	Registered Shares	G	2000000	—	Acquired	11167000	Indirect
2017-05-26	Registered Shares	G	1043500	—	Disposed	10123500	Indirect
2017-05-26	Registered Shares	S	100000	$52.4577	Disposed	10023500	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	40000	Indirect
Registered Shares	3062000	Indirect
Registered Shares	8897400	Indirect

Footnotes

F1: The reporting person is a co-trustee of his father's revocable trust and is his father's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F2: The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F3: The reporting person is a co-trustee of several charitable lead annuity trusts (CLATs) and holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F4: The reporting person is a co-trustee of several grantor retained annuity trust (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.