GARMIN LTD — Director's Dealing 2012

Jun 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2012-06-05

Reporting Person: BETTS GENE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-05	Common Shares	M	2887	$23.09	Acquired	8040	Direct
2012-06-05	Common Shares	M	1994	$33.44	Acquired	10034	Direct
2012-06-05	Common Shares	S	4881	$41.80	Disposed	5153	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-05	Stock Option (right to buy)	$23.09	M	2887	Disposed	2019-06-05	Common Shares (2887)	Direct
2012-06-05	Stock option (right to buy)	$33.44	M	1994	Disposed	2020-05-20	Common Shares (1994)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1000	Indirect

Footnotes

F1: The number of shares reported in 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, which 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 2,404 restricted stock units on June 1, 2012, which award vests in three equal annual installments beginning on June 1, 2013.

F2: The price is a weighted average price. The Common Shares were sold in separate transactions on the same day at prices ranging from $41.78 to $41.82 per share. The reporting person undertakes to
provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the
range set forth in this Footnote.

F3: The stock option vests in three equal annual installments beginning on June 5, 2010.

F4: The stock option vests in three equal annual installments beginning on May 20, 2011.