GARMIN LTD — Director's Dealing 2013

Aug 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2013-08-22

Reporting Person: Biddlecombe Sean (Managing Director EMEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-22	Registered Shares	M	388	$27.13	Acquired	11234	Direct
2013-08-22	Registered Shares	M	4300	$30.66	Acquired	15534	Direct
2013-08-22	Registered Shares	F	1054	$40.44	Disposed	14480	Direct
2013-08-22	Registered Shares	S	1995	$40.44	Disposed	12485	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-22	Employee stock option (right to buy)	$27.13	M	388	Disposed	2006-12-23	Registered Shares (388)	Direct
2013-08-22	Stock Appreciation Right	$30.66	M	4300	Disposed	2006-12-16	Registered Shares (4300)	Direct

Footnotes

F1: Includes (a) 750 unvested shares acquired pursuant to a grant of 3,750 restricted stock units in December 2008 (the award vests in five equal annual installments), (b) 632 unvested shares acquired pursuant to a grant of 1,580 restricted stock units in December 2009 (the award vests in five equal annual installments), (c) 999 unvested shares that were acquired pursuant to a grant of 1,665 restricted stock units in December 2010 (the award vests in five equal annual installments), (d) 1,072 unvested shares that were acquired pursuant to a grant of 1,340 restricted stock units in December 2011 (the award vests in five equal annual installments), (e) 1,281 unvested shares that were acquired pursuant to a grant of 1,281 restricted stock units in December 2012 (the award vests in three equal annual instalmments), and (f) 741 total shares acquired in December 2012 and June 2013 under the Employee Stock Purchase Plan.

F2: The stock option vested in three equal annual installments beginning on December 23, 2006.

F3: The stock appreciation right vested five equal annual installments beginning on December 16, 2006.