GARMIN LTD — Director's Dealing 2019

Dec 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-12-15

Reporting Person: Straub Philip (EVP, Man. Director - Aviation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-27	Registered Shares	W	82.5	—	Acquired	64671.5	Direct
2019-12-02	Registered Shares	G	210	—	Disposed	64461.5	Direct
2019-12-15	Registered Shares	F	3018	$97.43	Disposed	61443.5	Direct
2019-12-15	Registered Shares	A	5643	—	Acquired	67086.5	Direct

Footnotes

F1: Includes 24,585 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F2: On December 2, 2019, the reporting person gifted 210 shares to a charitable organization.

F3: On December 15, 2019, 7,436 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 7,436 shares, 3,018 shares were withheld to pay the resulting tax liability.

F4: Includes 17,149 unvested shares acquired pursuant to restricted stock units awards previously granted.

F5: On December 15, 2019 the reporting person received a grant of 5,643 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2020.

F6: Includes 22,792 unvested shares acquired pursuant to the December 15, 2019 restricted stock units award and previously granted restricted stock unit awards.