GARMIN LTD — Director's Dealing 2010

Mar 26, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2010-03-26

Reporting Person: KELLEY GARY V (Vice President - Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-26	Common Shares	M	5200	$27.27	Acquired	13506	Direct
2010-03-26	Common Shares	S	5817	$39.02	Disposed	7689	Direct
2010-03-26	Common Shares	S	515	$39.02	Disposed	7174	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-26	Employee stock option (right to buy)	$27.27	M	5200	Disposed	2013-12-23	Common Shares (5200)	Direct

Footnotes

F1: The stock option vested in five equal annual installments beginning on December 23, 2004.

F2: The number of Common Shares reported in Column 5 includes: (a) 617 shares that were paid to the reporting person net of tax withholding in December 2009 upon vesting of restricted stock units that were awarded to him in December 2008, (b) 3,600 unvested shares acquired pursuant to an award of 4,500 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (c) 1,920 unvested shares that were acquired pursuant to an award of 1,920 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010); and (d) 515 shares that were purchased for the reporting person's account in December 2009 as a participant in Garmin Ltd.'s Employee Stock Purchase Plan.