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: Bartel Danny J (VP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-25	Registered Shares	A	5505	—	Acquired	182243	Direct
2019-02-25	Registered Shares	F	1546	$83.55	Disposed	180697	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	1400	Indirect

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 12,325 unvested shares acquired pursuant to previously granted restricted stock unit awards and the 5,505 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.

F3: 1,835 shares that were acquired by the reporting person pursuant to the restricted stock units award described in Footnote 1 and 3,354 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, 1,546 shares were withheld to pay a resulting tax liability.

F4: Includes 8,971 unvested shares acquired pursuant to previously granted restricted stock unit awards and 3,670 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.