GARMIN LTD — Director's Dealing 2013

Oct 31, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2013-10-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-30	Registered Shares	M	18000	$19.94	Acquired	84327	Direct
2013-10-30	Registered Shares	S	18000	$50.00	Disposed	66327	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-30	Employee stock option (right to buy)	$19.94	M	18000	Disposed	2014-09-23	Registered Shares (18000)	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); and (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).

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