GARMIN LTD — Director's Dealing 2010

Dec 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2010-12-09

Reporting Person: ELLER DONALD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-09	Common Shares	M	3550	$11.27	Acquired	57267	Direct
2010-12-09	Common Shares	M	3372	$11.87	Acquired	60639	Direct
2010-12-09	Common Shares	M	1076	$10.19	Acquired	61715	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-09	Stock option (right to buy)	$11.27	M	3550	Disposed	2011-06-08	Common Shares (3550)	Direct
2010-12-09	Stock option (right to buy)	$11.87	M	3372	Disposed	2012-06-07	Common Shares (3372)	Direct
2010-12-09	Stock option (right to buy)	$10.19	M	1076	Disposed	2011-03-01	Common Shares (1076)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	826283	Indirect

Footnotes

F1: The option vested in three equal annual installments beginning on June 8, 2002.

F2: The option vested in three equal annual installments beginning on June 7, 2003.

F3: The option vested in three equal annual installments beginning on March 1, 2002.