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: Huang Pao-Chang (General Manager - Garmin Corp.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-25	Registered Shares	A	3669	—	Acquired	35361	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. One-third, or 1,223 shares, were released to the reporting person on February 25, 2018, and the remaining 2,446 unvested shares vest in two equal annual installments.

F2: Includes 9,651 unvested shares acquired pursuant to previously granted restricted stock units awards and the 2,446 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.