GARMIN LTD — Director's Dealing 2018

Aug 6, 2018

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2017-12-31

Reporting Person: BURRELL JONATHAN (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-15	Registered Shares	G	10000	—	Disposed	30000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	3930870	Indirect
Registered Shares	8720050	Indirect
Registered Shares	10351200	Indirect

Footnotes

F1: The reporting person inadvertently failed to previously report the gift of registered shares by the reporting person's trust reflected here. As a result, the shares that the reporting person's trust held were overstated by 10,000 shares as of December 31, 2017 and likewise were overstated in the reporting person's seven Form 4 reports filed subsequent to December 31, 2017.

F2: The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F3: The reporting person is a co-trustee of several charitable lead annuity trusts (CLATs) and holds a reminder interest therein. The reporting person disclaims beneficial ownership of the report securities except to the extent of his pecuniary interest therein.

F4: The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.