GARMIN LTD — Director's Dealing 2019

Feb 26, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Wang Cheng-Wei (General Manager - Garmin Corp.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-25	Registered Shares	A	3552	—	Acquired	27636	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. One-third, or 1,184 shares, were released to the reporting person on February 25, 2019, and the remaining 2,368 unvested shares vest in two equal annual installments.

F2: Includes 5,935 unvested shares acquired pursuant to previously granted restricted stock units awards and the 2,368 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.