GARMIN LTD — Director's Dealing 2019

Dec 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-12-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-07	Registered Shares	G	2545	—	Disposed	137109	Direct
2019-12-15	Registered Shares	F	7300	$97.43	Disposed	129809	Direct
2019-12-15	Registered Shares	A	12900	—	Acquired	142709	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	255	Indirect

Footnotes

F1: On November 7, 2019, the reporting person gifted 2,545 shares to a charitable organization.

F2: Includes 49,817 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F3: On December 15, 2019, 16,457 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 16,457 shares, 7,300 shares were withheld to pay the resulting tax liability.

F4: Includes 33,360 unvested shares acquired pursuant to restricted stock units awards previously granted.

F5: On December 15, 2019 the reporting person received a grant of 12,900 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2020.

F6: Includes 46,260 unvested shares acquired pursuant to the December 15, 2019 restricted stock units award and previously granted restricted stock unit awards.