GARMIN LTD — Director's Dealing 2012

Jun 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2012-06-01

Reporting Person: Poberezny Thomas (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-01	Common Shares	A	2404	—	Acquired	5403	Direct
2012-06-03	Common Shares	F	250	$42.19	Disposed	5153	Direct

Footnotes

F1: Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests in three equal annual installments beginning on June 1, 2013.

F2: The number of shares reported in Row 1, Column 5 includes (a) 2,999 unvested shares that were acquired pursuant to the grant of 2,999 restricted stock units on June 3, 2011 (the award vests in three equal annual installments beginning on June 3, 2012), and (b) 2,404 unvested shares that were acquired pursuant to the grant of restricted stock units described in Footnote 1.

F3: On June 3, 2012 1,000 shares that were acquired by the reporting person pursuant to the award of resticted stock units on June 3, 2011 were paid to the reporting person. 250 of these 1,000 shares were withheld to pay a resulting tax liability.

F4: The number of shares reported in Row 2, Column 5 includes (a) 1,999 unvested shares that were acquired pursuant to the grant of 2,999 restricted stock units on June 3, 2011 (the award vests in three equal annual installments beginning on June 3, 2012), and (b) 2,404 unvested shares that were acquired pursuant to the grant of restricted stock units described in Footnote 1.