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: 2010-03-25

Reporting Person: PEMBLE CLIFTON A (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-25	Common Shares	M	6000	$10.38	Acquired	44588	Direct
2010-03-25	Common Shares	S	6000	$40.00	Disposed	38588	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-25	Common Shares	$10.38	M	6000	Disposed	2011-12-21	Common Shares (6000)	Direct

Footnotes

F1: The number of Common Shares reported in Column 5 includes (a) 2,742 shares that were paid to Mr. Pemble net of tax withholding in December 2009 upon vesting of restricted stock units that were awarded to him in December 2008, (b) 16,000 unvested shares acquired pursuant to an award of 20,000 restricted stock units in December 2008 (the award vests in five equal installments beginning in December 2009), (c) 10,000 unvested shares acquired pursuant to an award of 10,000 restricted stock units in December 2009 (the award vests in five equal installments beginning in December 2010), and (d) 395 shares that were purchased for Mr. Pemble's account in December 2009 as a participant in Garmin Ltd.'s Employee Stock Purchase Plan.

F2: The stock option vested in five equal annual installments beginning on December 21, 2002.