GARMIN LTD — Director's Dealing 2018

Jun 12, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2018-06-08

Reporting Person: TILDEN REBECCA R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-08	Registered Shares	A	2594	—	Acquired	8177	Direct
2018-06-09	Registered Shares	F	218	$61.85	Disposed	7959	Direct
2018-06-10	Registered Shares	F	271	$61.85	Disposed	7688	Direct

Footnotes

F1: Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests in three equal annual installments beginning on June 8, 2019.

F2: Includes (a) the 2,594 unvested shares that were acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and (b) a total of 4,772 additional unvested shares that were acquired pursuant to previously granted restricted stock unit awards.

F3: On June 9, 2018, 870 shares that were acquired pursuant to an award of restricted stock units on June 9, 2017 vested and were released to the reporting person. Of these 870 shares, 218 were withheld to pay a resulting tax liability.

F4: Includes 6,496 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.

F5: On June 10, 2018, 1,082 shares that were acquired pursuant to an award of restricted stock units on June 10, 2016 vested and were released to the reporting person. Of these 1,082 shares, 271 were withheld to pay a resulting tax liability.

F6: Includes 5,414 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.