GARMIN LTD — Director's Dealing 2018

Feb 27, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Desbois Patrick (EVP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-25	Registered Shares	A	4587	—	Acquired	32850	Direct
2018-02-25	Registered Shares	F	1092	$60.35	Disposed	31758	Direct

Footnotes

F1: Shares acquired pursuant to a restricted stock units award granted in February 2017 that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. The award vests in three equal annual installments beginning on February 25, 2018.

F2: Includes 14,246 unvested shares acquired pursuant to previously granted restricted stock unit awards and the 4,587 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.

F3: 1,529 shares that were acquired by the reporting person pursuant to the restricted stock units award described in Footnote 1 and 2,067 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, 1,092 shares were withheld to pay a resulting tax liability.

F4: Includes 12,179 unvested shares acquired pursuant to previously granted restricted stock units awards and 3,058 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.