GARMIN LTD — Director's Dealing 2010

Oct 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2010-09-30

Reporting Person: ETKIND ANDREW R (VP, General Counsel, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-30	Common Shares	M	204	$7.00	Acquired	33904	Direct
2010-09-30	Common Shares	S	204	$31.00	Disposed	33700	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-30	Employee stock option (right to buy)	$7.00	M	204	Disposed	2010-12-07	Common Shares (204)	Direct

Footnotes

F1: These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 22, 2010.

F2: The number of Common Shares reported in Column 5 includes (a) 1,159 shares held in the Garmin International, Inc. 401(k) Plan, (b) 12,000 unvested shares acquired pursuant to an award of 15,000 restricted stock units in December 2008 (the award vests in five equal installments beginning in December 2009), (c) 6,670 unvested shares acquired pursuant to an award of 6,670 restricted stock units in December 2009 (the award vests in five equal installments beginning in December 2010), and (d) 148 shares that were purchased for the reporting person's account in June 2010 as a participan in the Garmin Ltd. Employee Stock Purchase Plan.

F3: The stock option vested in five equal annual installments beginning on December 7, 2001.