GARMIN LTD — Director's Dealing 2020

Jun 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2020-06-05

Reporting Person: LEWIS CATHERINE A. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-05	Registered Shares	A	1594	—	Acquired	3598	Direct
2020-06-07	Registered Shares	F	501	$96.53	Disposed	3097	Direct

Footnotes

F1: Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 5, 2021.

F2: Includes (a) the 1,594 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and (b) a total of 2,004 additional unvested shares that were acquired pursuant to a previously granted restricted stock unit award.

F3: On June 7, 2020, 2,004 shares that were acquired pursuant to an award of restricted stock units on June 7, 2019 vested and were released to the reporting person. Of these 2,004 shares, 501 were withheld to pay a resulting tax liability.

F4: Includes 1,594 unvested shares as of this date that were acquired pursuant to a previously granted restricted stock unit award.