Sec Form 4 Filing - Bartel Danny J @ GARMIN LTD - 2013-08-23

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Bartel Danny J
2. Issuer Name and Ticker or Trading Symbol
GARMIN LTD [ GRMN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Vice President,Worldwide Sales
(Last) (First) (Middle)
1200 EAST 151ST STREET
3. Date of Earliest Transaction (MM/DD/YY)
08/23/2013
(Street)
OLATHE, KS66062
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Registered Shares 08/23/2013 M 10,000 A $ 27.27 83,255 ( 2 ) D
Registered Shares 08/23/2013 S 10,000 D $ 40.7 ( 1 ) 73,255 ( 2 ) D
Registered Shares 1,400 I Spouse has signing authority for an account that holds these shares
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 27.27 08/23/2013 M 10,000 ( 3 ) 12/23/2013 Registerd Shares 10,000 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bartel Danny J
1200 EAST 151ST STREET
OLATHE, KS66062
Vice President,Worldwide Sales
Signatures
Joshua H. Maxfield, Attorney-in-Fact 08/26/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $40.70 to $40.72 per share. The reporting person undertakes toprovide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Registered Shares sold at each separate price within the range set forth in this Footnote.
( 2 )Includes (a) 2,799 unvested shares acquired pursuant to an award of 4,665 restricted stock units on December 10, 2010 (the award vests in five equal annual installments), (b) 1,868 unvested shares acquired pursuant to an award of 4,670 restricted stock units on December 11, 2009 (the award vests in five equal annual installments), (c) 2,400 unvested shares that were acquired pursuant to a grant of 12,000 restricted stock units on December 12, 2008 (the award vests in five equal annual installments), (d) 3,008 unvested shares that were acquired pursuant to the grant of 3,760 restricted stock units on December 14, 2011 (the award vests in five equal annual installments), and (e) 5,127 unvested shares that were acquired pursuant to a grant of 5,127 restricted stock units on December 10, 2012 (the award vests in three equal annual installments), and (f) 593 shares acquired in June 2013 under the Employee Stock Purchase Plan..
( 3 )The stock option vested in five equal annual installments beginning on December 23, 2004.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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