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: Boessen Douglas G. (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-25	Registered Shares	A	5784	—	Acquired	19719	Direct
2017-02-25	Registered Shares	F	643	$53.03	Disposed	19076	Direct

Footnotes

F1: Shares aquired pursuant to a restricted stock units award granted in February 2016 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. The award vests in three equal annual installments beginning on February 25, 2017.

F2: Includes 9,870 unvested shares acquired pursuant to previously granted restricted stock units awards, the 5,784 unvested shares acquired pursuant to the resticted stock units award described in Footnote 1, and 353 shares acquired in December 2016 under the Employee Stock Purchase Plan.

F3: 1,930 shares that were aquired by the reporting person pursuant to the restricted stock units award described in Footnote (1) vested and were paid to the reporting person. Of those shares, 643 shares were withheld to pay a resulting tax liability.

F4: Includes 9,870 unvested shares acquired pursuant to previously granted restricted stock units awards and 3,854 remaining unvested shares acquired pursuant to the resticted stock units award described in Footnote 1.