GARMIN LTD — Director's Dealing 2018

Jul 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2018-07-26

Reporting Person: KAO MIN H (Director, Executive Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-26	Registered Shares	S	50000	$63.55	Disposed	4425904	Direct
2018-07-27	Registered Shares	S	100000	$63.06	Disposed	4325904	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	24332539	Indirect
Registered Shares	5207824	Indirect

Footnotes

F1: Sale of shares pursuant to a Rule 10b5-1 trading plan adopted on March 2, 2018.

F2: This transaction was executed in multiple trades at prices ranging from $63.06 to $63.84. The price reported above is the weighted average sales price. The reporting person undertakes to provide, upon request, to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price with the range.

F3: This transaction was executed in multiple trades at prices ranging from $62.77 to $63.87. The price reported above is the weighted average sales price. The reporting person undertakes to provide, upon request, to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price with the range.

F4: The reporting person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares.