GARMIN LTD — Director's Dealing 2013

Aug 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2013-07-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-31	Registered Shares	M	20000	$27.27	Acquired	86983	Direct
2013-07-31	Registered Shares	S	20000	$40.00	Disposed	66983	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-31	Stock option (right to buy)	$27.27	M	20000	Disposed	2013-12-23	Registered Shares (20000)	Direct

Footnotes

F1: Pursuant to the 10b5-1 stock trading plan adopted by the reporting person.

F2: 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 that were acquired pursuant to a grant 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 three annual installments), (f) 422 shares acquired by the reporting person under the Employee Stock Purchase Plan in June 2013, and (g) 429 shares acquired in the reporting person's DRIP acount in June and July2013.

F3: The stock option vested in five equal annual installments beginning on December 23, 2004.