GARMIN LTD — Director's Dealing 2013

Oct 2, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2013-09-30

Reporting Person: PEMBLE CLIFTON A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-30	Registered Shares	M	6000	$19.94	Acquired	72327	Direct
2013-09-30	Registered Shares	S	6000	$45.00	Disposed	66327	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-30	Employee stock option (right to buy)	$19.94	M	6000	Disposed	2014-09-23	Registered Shares (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	750	Indirect
Registered Shares	250	Indirect

Footnotes

F1: Includes (a) 6,000 unvested shares acquired pursuant to an award of 10,000 restricted stock units on December 10, 2010 (the award vests in five annual installments); (b) 4,000 unvested shares acquired pursuant to an award of 10,000 restricted stock units on December 11, 2009 (the award vests in five annual installments); (c) 4,000 unvested shares acquired pursuant to an award of 20,000 restricted stock units on December 12, 2008 (the award vests in five annual installments); (d) 6,444 unvested shares acquired pursuant to a grant of 8,055 restricted stock units on December 14, 2011 (the award vests in five annual installments); (e) 10,896 unvested shares acquired pursuant to an award of 10,896 restricted stock units on December 10, 2012 (the award vests in five annual installments), and (f) 344 shares acquired on September 30, 2013 under the reporting person's DRIP accounts.

F2: The stock option vested in five equal annual installments beginning on September 23, 2005.