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: PEMBLE CLIFTON A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-25	Registered Shares	A	15288	—	Acquired	135937	Direct
2018-02-25	Registered Shares	F	4478	$60.35	Disposed	131459	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	255	Indirect

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 45,887 unvested shares acquired pursuant to previously granted restricted stock unit awards and the 15,288 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.

F3: 5,096 shares that were acquired by the reporting person pursuant to the restricted stock units award described in Footnote 1 and 5,967 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, 4,478 shares were withheld to pay a resulting tax liability.

F4: Includes 39,920 unvested shares acquired pursuant to previously granted restricted stock units awards and 10,192 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.