GARMIN LTD — Director's Dealing 2019

Jul 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-07-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-12	Registered Shares	G	45000	—	Disposed	4917824	Indirect
2019-07-12	Registered Shares	G	87500	—	Disposed	4830324	Indirect
2019-07-16	Registered Shares	S	5561	$79.9727	Disposed	18930933	Indirect
2019-07-16	Registered Shares	S	44798	$80.9764	Disposed	18886135	Indirect
2019-07-16	Registered Shares	S	16683	$79.9728	Disposed	18869452	Indirect
2019-07-16	Registered Shares	S	134395	$80.9764	Disposed	18735057	Indirect
2019-07-17	Registered Shares	S	38216	$81.2717	Disposed	18696841	Indirect
2019-07-17	Registered Shares	S	114646	$81.2717	Disposed	18582195	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	1799429	Direct

Footnotes

F1: Shares were gifted to a charitable organization.

F2: 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.

F3: Sale of shares pursuant to a Rule 10b5-1 trading plan adopted on June 12, 2019.

F4: This transaction was executed in multiple trades at prices ranging from $79.45 to $80.44. 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 $80.45 to $81.32. 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 $79.45 to $80.44. 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 $80.45 to $81.32. 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 $80.99 to $81.77. 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 $80.99 to $81.77. 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.