GARMIN LTD — Director's Dealing 2011

Sep 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2011-09-20

Reporting Person: Biddlecombe Sean (Managing Director EMEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-20	Common Shares	M	1600	$10.38	Acquired	9775	Direct
2011-09-20	Common Shares	S	1600	$33.44	Disposed	8175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-20	Employee Stock Option (right to buy)	$10.38	M	1600	Disposed	2011-12-21	Common Shares (1600)	Direct

Footnotes

F1: The stock option vested in five equal annual installments beginning on December 21, 2002.

F2: The number of shares reported in Column 5 includes (a) 2,250 unvested shares acquired pursuant to an award of 3,750 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 1,264 unvested shares acquired pursuant to an award of 1,580 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010), and (c) 1,665 unvested shares that were acquired pursuant to an award of 1,665 restricted stock units in December 2010 (the award vests in five equal annual installments beginning in December 2011).