GARMIN LTD — Director's Dealing 2019

Nov 7, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-11-05

Reporting Person: KAO MIN H (Director, Executive Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-05	Registered Shares	S	16741	$91.9053	Disposed	12850348	Indirect
2019-11-05	Registered Shares	S	33121	$93.0311	Disposed	12817227	Indirect
2019-11-05	Registered Shares	S	23826	$93.6056	Disposed	12793401	Indirect
2019-11-05	Registered Shares	S	50221	$91.9053	Disposed	12743180	Indirect
2019-11-05	Registered Shares	S	99362	$93.0311	Disposed	12643818	Indirect
2019-11-05	Registered Shares	S	71481	$93.6056	Disposed	12572337	Indirect
2019-11-06	Registered Shares	S	44885	$93.2279	Disposed	12527452	Indirect
2019-11-06	Registered Shares	S	459	$93.7958	Disposed	12526993	Indirect
2019-11-06	Registered Shares	S	134653	$93.2279	Disposed	12392340	Indirect
2019-11-06	Registered Shares	S	1378	$93.7958	Disposed	12390962	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	6454753	Indirect

Footnotes

F1: Sale of shares pursuant to a Rule 10b5-1 trading plan adopted on June 12, 2019.

F2: This transaction was executed in multiple trades at prices ranging from $91.36 to $92.34. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

F3: This transaction was executed in multiple trades at prices ranging from $92.36 to $93.35. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

F4: This transaction was executed in multiple trades at prices ranging from $93.36 to $94.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

F5: This transaction was executed in multiple trades at prices ranging from $91.36 to $92.34. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

F6: This transaction was executed in multiple trades at prices ranging from $92.36 to $93.35. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

F7: This transaction was executed in multiple trades at prices ranging from $93.36 to $94.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

F8: This transaction was executed in multiple trades at prices ranging from $92.77 to $93.76. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

F9: This transaction was executed in multiple trades at prices ranging from $93.77 to $93.86. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

F10: This transaction was executed in multiple trades at prices ranging from $92.77 to $93.76. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.

F11: This transaction was executed in multiple trades at prices ranging from $93.77 to $93.86. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.