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: Bartel Danny J (VP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-25	Registered Shares	A	5784	—	Acquired	168942	Direct
2017-02-25	Registered Shares	F	652	$53.03	Disposed	168290	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	1400	Indirect

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 10,089 unvested shares acquired pursuant to previously granted restricted stock units awards and the 5,784 unvested shares acquired pursuant to the resticted stock units award described in Footnote 1.

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, 652 shares were withheld to pay a resulting tax liability.

F4: Includes 10,089 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.