GARMIN LTD — Director's Dealing 2011

Dec 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2011-12-21

Reporting Person: KELLEY GARY V (Vice President - Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-21	Common Shares	S	1110	$39.36	Disposed	5822	Direct

Footnotes

F1: The number of shares reported in Column 5 includes (a) 1,800 unvested shares acquired pursuant to an award of 4,500 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 1,152 unvested shares acquired pursuant to an award of 1,920 restricted stock units in December 2009 (the award vests in five euqal annual installments beginning in December 2010), (c) 1,332 shares that were acquired pursuant to the grant of restricted stock units in December 2010 (the award vests in five equal annual installments beginning in December 2011), and (d) 375 shares purchased for the reporting person's account in June 2011 under the Garmin Ltd. Employee Stock Purchase Plan.