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: PEMBLE CLIFTON A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-03	Registered Shares	G	1300	—	Disposed	123837	Direct
2018-12-15	Registered Shares	F	7735	$65.14	Disposed	116102	Direct
2018-12-15	Registered Shares	A	16365	—	Acquired	132467	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	255	Indirect

Footnotes

F1: On December 3, 2018, the reporting person gifted 1,300 shares to a charitable organization.

F2: Includes 50,112 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F3: On December 15, 2018, 17,439 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 17,439 shares, 7,735 shares were withheld to pay the resulting tax liability.

F4: Includes 32,673 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F5: On December 15, 2018, the reporting person received a grant of 16,365 restricted stock units, which vests in three equal annual installments, beginning on December 15, 2019.

F6: Includes 49,038 unvested shares acquired pursuant to the December 15, 2018 restricted stock unit award and previously granted restricted stock unit awards.