GARMIN LTD — Director's Dealing 2019

Feb 27, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-02-25

Reporting Person: Desbois Patrick (EVP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-25	Registered Shares	A	7104	—	Acquired	38298	Direct
2019-02-25	Registered Shares	F	1776	$83.55	Disposed	36522	Direct

Footnotes

F1: Shares acquired pursuant to a restricted stock units award granted in February 2018 that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. The award vests in three equal annual installments beginning on February 25, 2019.

F2: Includes 14,739 unvested shares acquired pursuant to previously granted restricted stock unit awards and the 7,104 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.

F3: 2,368 shares that were acquired by the reporting person pursuant to the restricted stock units award described in Footnote 1 and 3,593 shares that were acquired by the reporting person pursuant to other previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 1,776 shares were withheld to pay a resulting tax liability.

F4: Includes 11,146 unvested shares acquired pursuant to previously granted restricted stock units awards and 4,736 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.