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: Huang Pao-Chang (General Manager - Garmin Corp.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-10	Common Shares	A	4400	—	Acquired	24016	Direct

Footnotes

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

F2: The number of shares reported in Column 5 includes (a) 7,200 unvested shares acquired pursuant to an award of 12,000 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 3,416 unvested shares acquired pursuant to an award of 4,270 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010), (c) the 4,400 unvested shares that were acquired pursuant to the grant of restricted stock units disclosed in Column 4 and further described in Footnote (1), and (d) 3,254 shares that were paid to the reporting person in December 2010 upon vesting of restricted stock units that were awarded to him in December 2008 and December 2009.