GARMIN LTD — Director's Dealing 2010

Dec 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2010-12-10

Reporting Person: Bartel Danny J (Vice President,Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-10	Common Shares	A	4665	—	Acquired	66835	Direct
2010-12-11	Common Shares	F	293	$30.04	Disposed	66542	Direct
2010-12-12	Common Shares	F	754	$30.04	Disposed	65788	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1400	Indirect

Footnotes

F1: Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2005 Equity Incentive Plan. The award vests in five equal annual installments beginning December 10, 2011.

F2: The number of shares reported in Row 1, Column 5 includes (a) 7,200 unvested shares acquired pursuant to a grant of 12,000 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 3,736 unvested shares acquired pursuant to a grant of 4,670 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010), (c) the 4,665 shares that were acquired pursuant to the grant of restricted stock units disclosed in Column 4, (d) 934 shares that were paid to the reporting person on December 11, 2010 upon vesting of restricted stock units that were awarded to him in December 2009, (e) 2,400 shares that were paid to the reporting person on December 12, 2010 upon vesting of restricted stock units that were awarded to him in December 2008, and (f) 645 shares that were purchased for the reporting person's account in June 2010 as a participant in the Employee Stock Purchase Plan.

F3: On December 11, 2010, 934 shares that were acquired by the reporting person pursuant to the award of restricted stock units in December 2009 described in Footnote (2) vested and were paid to the reporting person. 293 of these 934 shares were withheld to pay the resulting tax liability.

F4: The numbers of shares reported in Rows 2 and 3 of Column 5 include (a) 7,200 unvested shares acquired pursuant to a grant of 12,000 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 3,736 unvested shares acquired pursuant to a grant of 4,670 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010), and (c) the 4,665 shares that were acquired pursuant to the grant of restricted stock units disclosed in Column 4 and further described in Footnote (1).

F5: On December 12, 2010, 2,400 shares that were acquired by the reporting person pursuant to the award of restricted stock units in December 2008 described in Footnote (2) vested and were paid to the reporting person. 754 of these 2,400 shares were withheld to pay the resulting tax liability.