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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-25	Registered Shares	A	10656	—	Acquired	68055	Direct
2019-02-25	Registered Shares	F	2700	$83.55	Disposed	65355	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 21,074 unvested shares acquired pursuant to previously granted restricted stock unit awards and the 10,656 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.

F3: 3,552 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, 2,700 shares were withheld to pay a resulting tax liability.

F4: Includes 17,481 unvested shares acquired pursuant to previously granted restricted stock unit awards and 7,104 remaining unvested shares acquired pursuant to the restricted stock unit award described in Footnote 1.