GARMIN LTD — Director's Dealing 2011

Aug 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2011-08-22

Reporting Person: Bartel Danny J (Vice President,Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-22	Common Shares	M	7000	$10.38	Acquired	72930	Direct
2011-08-22	Common Shares	S	7000	$31.39	Disposed	65930	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-22	Employee stock option (right to buy)	$10.38	M	7000	Disposed	2011-12-21	Common Shares (7000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1400	Indirect

Footnotes

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

F2: The number of shares reported in Column 5 includes (a) 7,200 unvested shares acquired pursuant to a grant of 12,000 restricted stock units in December 2008 (the award vests in five equal annual installments beginning in December 2009), (b) 3,736 unvested shares acquired pursuant to a grant of 4,670 restricted stock units in December 2009 (the award vests in five equal annual installments beginning in December 2010), (c) 4,665 unvested shares that were acquired pursuant to a grant of restricted stock units in December 2010 (the award vests in five equal annual installments beginning in December 2011), and (d) 661 shares that were purchased for the reporting person's account in June 2011 as a participant in the Employee Stock Purchase Plan.