GARMIN LTD — Director's Dealing 2019

Jun 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-06-07

Reporting Person: Peffer Charles (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-07	Registered Shares	A	2004	—	Acquired	26286	Direct
2019-06-08	Registered Shares	F	217	$78.95	Disposed	26069	Direct
2019-06-09	Registered Shares	F	218	$78.95	Disposed	25851	Direct

Footnotes

F1: Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 7, 2020.

F2: Includes (a) the 2,004 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and (b) a total of 5,414 additional unvested shares that were acquired pursuant to previously granted restricted stock units awards.

F3: On June 8, 2019, 865 shares that were acquired pursuant to an award of restricted stock units on June 8, 2018 vested and were released to the reporting person. Of these 865 shares, 217 were withheld to pay a resulting tax liability.

F4: Includes 6,553 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.

F5: On June 9, 2019, 869 shares that were acquired pursuant to an award of restricted stock units on June 9, 2017 vested and were released to the reporting person. Of these 869 shares, 218 were withheld to pay a resulting tax liability.

F6: Includes 5,684 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.