GARMIN LTD — Director's Dealing 2020

Feb 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2020-02-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-25	Registered Shares	A	3774	—	Acquired	33763	Direct

Footnotes

F1: Shares acquired pursuant to a restricted stock units award granted in February 2019 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 1,258 shares, were released to the reporting person on February 25, 2020, and the remaining 2,516 unvested shares vest in two equal annual installments.

F2: Includes (i) 8,011 unvested shares acquired pursuant to previously granted restricted stock units awards, (ii) the 3,774 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and (iii) 97 shares acquired in December 2019 under the Garmin Ltd. Employee Stock Purchase Plan.