GARMIN LTD — Director's Dealing 2018

Feb 20, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2018-02-15

Reporting Person: PEMBLE CLIFTON A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-15	Registered Shares	M	36208	$42.16	Acquired	156907	Direct
2018-02-15	Registered Shares	S	36208	$65.00	Disposed	120699	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-15	Stock Option (Right to Buy)	$42.16	M	36208	Disposed	2022-12-10	Registered Shares (36208)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	255	Indirect

Footnotes

F1: Pursuant to a Rule 10b5-1 stock trading plan adopted by the reporting person on March 3, 2017.

F2: Includes 45,887 unvested shares acquired pursuant to previously granted restricted stock unit awards and 277 shares acquired by the reporting person in December 2017 under the Garmin Ltd. Employee Stock Purchase Plan.

F3: The stock option vested in five equal annual installments beginning on December 10, 2013.