GARMIN LTD — Director's Dealing 2019

Oct 15, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-10-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-19	Registered Shares	G	135000	—	Disposed	1644429	Direct
2019-10-11	Registered Shares	S	15482	$87.2424	Disposed	14128685	Indirect
2019-10-11	Registered Shares	S	9105	$87.6375	Disposed	14119580	Indirect
2019-10-11	Registered Shares	S	46446	$87.2424	Disposed	14073134	Indirect
2019-10-11	Registered Shares	S	27314	$87.6375	Disposed	14045820	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	4810324	Indirect

Footnotes

F1: Shares were gifted to a charitable organization.

F2: Sale of shares pursuant to a Rule 10b5-1 trading plan adopted on June 12, 2019.

F3: This transaction was executed in multiple trades at prices ranging from $86.520 to $87.515. 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 $87.52 to $87.89. 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 $86.520 to $87.515. 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 $87.52 to $87.89. 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: The reporting person disclaims beneficial ownership of these shares, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.