SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Biddlecombe Sean

(Last)

(First)

(Middle)

LIBERTY HOUSE

HOUNSDOWN BUSINESS PARK

(Street)

SOUTHAMPTON

SO409LR

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/12/2010

3. Issuer Name and Ticker or Trading Symbol
GARMIN LTD [ GRMN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	General Manager, Garmin Europe

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	6,630⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee stock option (right to buy)	12/21/2002⁽²⁾	12/21/2011	Common Shares	1,600	$10.38	D
Employee stock option (right to buy)	12/26/2003⁽³⁾	12/26/2012	Common Shares	1,200	$14.9	D
Employee stock option (right to buy)	12/23/2006⁽⁴⁾	12/23/2013	Common Shares	388	$27.27	D
Employee stock option (right to buy)	12/23/2004⁽⁵⁾	12/23/2013	Common Shares	3,618	$27.27	D
Employee stock option (right to buy)	09/23/2005⁽⁶⁾	09/23/2014	Common Shares	5,400	$19.94	D
Stock appreciation right	06/23/2006⁽⁷⁾	06/23/2015	Common Shares	4,700	$21.59	D
Stock appreciation right	12/16/2006⁽⁸⁾	12/16/2015	Common Shares	4,300	$30.66	D
Stock appreciation right	06/09/2007⁽⁹⁾	06/09/2016	Common Shares	6,000	$46.15	D
Stock appreciation right	12/05/2007⁽¹⁰⁾	12/05/2016	Common Shares	5,000	$51.07	D
Stock appreciation right	06/08/2008⁽¹¹⁾	06/08/2017	Common Shares	5,000	$63.31	D
Stock appreciation right	12/04/2008⁽¹²⁾	12/04/2017	Common Shares	5,000	$105.33	D
Stock appreciation right	06/06/2009⁽¹³⁾	06/06/2018	Common Shares	5,000	$50.97	D

Explanation of Responses:

1. The number of shares reported includes: (1) 3,000 Common Shares that were acquired on December 12, 2008 pursuant to a grant of restricted stock units under the Garmin Ltd. 2005 Equity Incentive Plan, which award vests in five equal annual installments beginning on December 12, 2009 (750 of the 3,750 Common Shares granted under the award vested on December 12, 2009, leaving 3,000 unvested Common Shares as of the date of this report); (2) 1,580 Common Shares that were acquired on December 11, 2009 pursuant to a grant of restricted stock units under the Garmin Ltd. 2005 Equity Incentive Plan, which award vests in five equal annual installments beginning on December 11, 2010.

2. The option vested in five equal annual installments beginning on December 21, 2002.

3. The option vested in five equal annual installments beginning on December 26, 2003.

4. Sixty percent of the options vested on December 23, 2006, and twenty percent of the options vested on each of December 23, 2007 and December 23, 2008.

5. The option vested in five equal annual installments beginning on December 23, 2004.

6. The option vested in five equal annual installments beginning on September 23, 2005.

7. The right vests in five equal annual installments beginning on June 23, 2006.

8. The right vests in five equal annual installments beginning on December 16, 2006.

9. The right vests in five equal annual installments beginning on June 9, 2007.

10. The right vests in five equal annual installments beginning on December 5, 2007.

11. The right vests in five equal annual installments beginning on June 8, 2008.

12. The right vests in five equal annual installments beginning on December 4, 2008.

13. The right vests in five equal annual installments beginning on June 6, 2009.

Remarks:

	Joshua H. Maxfield, Attorney-in-Fact	02/12/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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