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GARMIN LTD Director's Dealing 2010

Mar 29, 2010

30027_dirs_2010-03-29_86a2b3ae-cf3b-48a8-ada5-845219e44dfc.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: BETTS GENE M (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-03-26 Common Shares M 1176 $17.01 Acquired 4167 Direct
2010-03-26 Common Shares M 1833 $21.83 Acquired 6009 Direct
2010-03-26 Common Shares S 2200 $39.24 Disposed 3809 Direct
2010-03-26 Common Shares S 809 $39.23 Disposed 3000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-03-26 Stock option (right to buy) $17.01 M 1176 Disposed 2014-06-04 Common Shares (1176) Direct
2010-03-26 Stock option (right to buy) $21.83 M 1833 Disposed 2015-06-06 Common Shares (1833) Direct

Footnotes

F1: The stock option vested in three equal annual installments beginning on June 4, 2005.

F2: The stock option vested in three equal annual installments beginning on June 6, 2006.