GARMIN LTD — Director's Dealing 2017

Mar 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2017-02-27

Reporting Person: Huang Pao-Chang (General Manager - Garmin Corp.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-25	Registered Shares	A	3214	—	Acquired	34810	Direct

Footnotes

F1: Shares aquired pursuant to a February 2016 grant of 4,821 restricted stock units that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. One-third, or 1,607 shares, were released to the reporting person on February 25, 2017, and the remaining 3,214 unvested shares vest in two equal annual installments.

F2: Includes 8,518 unvested shares acquired pursuant to previously granted restricted stock unit awards and the 3,214 remaining unvested shares acquired pursuant to the restricted stock units award described above in Footnote 1.