GARMIN LTD — Director's Dealing 2013

May 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2013-05-21

Reporting Person: BETTS GENE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-21	Registered Shares	S	1000	$36.67	Disposed	5153	Direct
2013-05-21	Registered Shares	M	1993	$33.44	Acquired	7146	Direct
2013-05-21	Registered Shares	S	1993	$36.68	Disposed	5153	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-21	Stock option (right to buy)	$33.44	M	1993	Disposed	2020-05-20	Registered Shares (1993)	Direct

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 (the 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 restricted stock units on June 1, 2012, which award vests in three equal annual installments beginning on June 1, 2013.

F2: The stock option vested in three annual installments beginning on May 20, 2011.