GARMIN LTD — Director's Dealing 2018

Dec 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2018-12-15

Reporting Person: ETKIND ANDREW R (VP, General Counsel, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-15	Registered Shares	F	1807	$65.14	Disposed	46817	Direct
2018-12-15	Registered Shares	A	4092	—	Acquired	50909	Direct

Footnotes

F1: On December 15, 2018, 4,995 were released to the reporting person. Of these 4,995 shares, 1,807 were withheld to pay a resulting tax liability.

F2: Includes 9,074 unvested shares acquired pursuant to previously granted restricted stock unit awards and 62 shares acquired by the reporting person in June 2018 under the Garmin Ltd. Employee Stock Purchase Plan.

F3: On December 15, 2018, the reporting person received a grant of 4,092 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2019.

F4: Includes 13,166 unvested shares acquired pursuant to the December 15, 2018 grant of restricted stock units award and previously granted restricted stock unit awards.