GARMIN LTD — Director's Dealing 2011

Dec 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2011-12-15

Reporting Person: BETTS GENE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-15	Common Shares	M	5775	$23.09	Acquired	9774	Direct
2011-12-15	Common Shares	S	5775	$37.09	Disposed	3999	Direct
2011-12-15	Common Shares	S	1000	$37.1658	Disposed	2999	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-15	Stock Option (right to buy)	$23.09	M	5775	Disposed	2019-06-05	Common Shares (5775)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2000	Indirect

Footnotes

F1: The stock option vests in three equal annual installments beginning on June 5, 2010.

F2: The number of shares reported in Column 5 includes 2,999 unvested shares that were acquired pursuant to the grant of restricted stock units in June 2011, which award vests in three equal annual installments beginning in June 2012.