GARMIN LTD — Director's Dealing 2014

Mar 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2014-03-13

Reporting Person: Pokorny Brian James (Former Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-12	Registered Shares	M	12000	$50.97	Acquired	15708	Direct
2014-03-12	Registered Shares	M	15000	$51.07	Acquired	30708	Direct
2014-03-12	Registered Shares	M	15000	$46.15	Acquired	45708	Direct
2014-03-12	Registered Shares	D	38757	$53.41	Disposed	6951	Direct
2014-03-12	Registered Shares	S	6951	$53.70	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-12	Stock appreciation right	$50.97	M	12000	Disposed	2018-06-06	Registered Shares (12000)	Direct
2014-03-12	Stock appreciation right	$51.07	M	15000	Disposed	2016-12-05	Registered Shares (15000)	Direct
2014-03-12	Stock appreciation right	$46.15	M	15000	Disposed	2016-06-09	Registered Shares (15000)	Direct

Footnotes

F1: The stock appreciation right vested in five equal annual installments beginning on June 6, 2009.

F2: The stock appreciation right vested in five equal annual installments beginning on December 5, 2007.

F3: The stock appreciation right vested in five equal annual installments beginning on June 9, 2007.