GARMIN LTD — Director's Dealing 2019

Jul 24, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-07-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-22	Registered Shares	S	41708	$80.8143	Disposed	18168506	Indirect
2019-07-22	Registered Shares	S	125123	$80.8143	Disposed	18043383	Indirect
2019-07-23	Registered Shares	S	35783	$80.2923	Disposed	18007600	Indirect
2019-07-23	Registered Shares	S	575	$81.0274	Disposed	18007025	Indirect
2019-07-23	Registered Shares	S	107351	$80.2923	Disposed	17899674	Indirect
2019-07-23	Registered Shares	S	1725	$81.0274	Disposed	17897949	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	1799429	Direct
Registered Shares	4830324	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 $80.27 to $81.26. 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 $80.27 to $81.26. 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 $79.83 to $80.79. 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 $80.97 to $81.15. 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 $79.83 to $80.79. 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 $80.97 to $81.15. 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: 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.