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GARMIN LTD Director's Dealing 2018

Mar 1, 2018

30027_dirs_2018-03-01_40cfbaf4-64b9-4f4f-9f22-4989ea4d6224.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2018-02-25

Reporting Person: Boessen Douglas G. (CFO and Treasurer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2018-02-25 Registered Shares F 1248 $60.35 Disposed 24824 Direct

Footnotes

F1: On February 25, 2018, (i) 1,359 shares that were acquired by the reporting person pursuant to the restricted stock units award described in Footnote 1 of the Form 4 filed by the reporting person on February 27, 2018 and (ii) 1,927 shares that were acquired by the reporting person pursuant to another previously granted restricted stock units award vested and were paid to the reporting person. Of these shares, 1,248 shares were withheld to pay the resulting tax liability. Due to an administrative error, the Form 4 filed by the reporting person on February 27, 2018 incorrectly reported that 1,360 shares, rather than 1,248 shares, were withheld to pay the resulting tax liability.

F2: Includes (i) 10,610 unvested shares acquired pursuant to previously granted restricted stock units awards, (ii) 2,718 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 of the Form 4 filed by the reporting person on February 27, 2018 and (iii) 587 shares acquired by the reporting person in December 2014 and June 2015 under the Garmin Ltd. Employee Stock Purchase Plan. Due to the administrative error identified in Footnote 1 above, the Form 4 filed by the reporting person on February 27, 2018 incorrectly omitted 112 shares from this column in line 2 of Table I. The 587 ESPP shares referenced in item (iii) of this Footnote 2 were mistakenly omitted from this column in previous Form 4s filed by the reporting person. This amendment corrects those errors.