Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
RAUCKMAN KEVIN
  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)
VP, Executive Office
(Last)
(First)
(Middle)
1200 E. 151ST STREET
3. Date of Earliest Transaction (Month/Day/Year)
11/05/2014
(Street)

OLATHE, KS 66062
4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 11/05/2014   M   12,000 A $ 30.66 51,431 (1) D  
Registered Shares 11/05/2014   D   6,609 D $ 55.67 44,822 (1) D  
Registered Shares 11/05/2014   M   15,000 A $ 46.15 59,822 (1) D  
Registered Shares 11/05/2014   D   12,435 D $ 55.67 47,387 (1) D  
Registered Shares 11/05/2014   M   15,000 A $ 51.07 62,387 (1) D  
Registered Shares 11/05/2014   D   13,761 D $ 55.67 48,626 (1) D  
Registered Shares 11/05/2014   M   20,000 A $ 50.97 68,626 (1) D  
Registered Shares 11/05/2014   D   18,312 D $ 55.67 50,314 (1) D  
Registered Shares 11/05/2014   M   5,644 A $ 39.71 55,958 (1) D  
Registered Shares 11/05/2014   M   3,195 A $ 42.16 59,153 (1) D  
Registered Shares 11/05/2014   S   8,839 D $ 55.68 (2) 50,314 (1) D  
Registered Shares 11/05/2014   S   10,883 D $ 55.72 39,431 (1) D  
Registered Shares               2,850 I By spouse
Registered Shares               300 I By children

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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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
Stock-settled stock appreciation right $ 30.66 11/05/2014   M     12,000   (3) 12/16/2015 Registered Shares 12,000 $ 0 0 D  
Stock-settled stock appreciation right $ 46.15 11/05/2014   M     15,000   (4) 06/09/2015 Registered Shares 15,000 $ 0 0 D  
Stock-settled stock appreciation right $ 51.07 11/05/2014   M     15,000   (5) 12/05/2016 Registered Shares 15,000 $ 0 0 D  
Stock-settled stock appreciation right $ 50.97 11/05/2014   M     20,000   (6) 06/06/2018 Registered Shares 20,000 $ 0 0 D  
Employee stock option (right to buy) $ 39.71 11/05/2014   M     5,644   (7) 12/28/2021 Registered Shares 5,644 $ 0 0 D  
Employee stock option (right to buy) $ 42.16 11/05/2014   M     3,195   (8) 12/10/2022 Registered Shares 3,195 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RAUCKMAN KEVIN
1200 E. 151ST STREET
OLATHE, KS 66062
      VP, Executive Office  

Signatures

 By Joshua H. Maxfield, Attorney-in-Fact   11/07/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Includes 14,930 unvested shares acquired pursuant to prior awards of restricted stock units and 294 shares acquired in June 2014 under the Employee Stock Purchase Plan.
(2) This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $55.66 to $55.77. The reporting person undertakes to provide 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.
(3) The stock appreciation right vested in five equal annual installments beginning on December 16, 2006.
(4) The stock appreciation right vested in five equal annual installments beginning on June 9, 2007.
(5) The stock appreciation right vested in five equal annual installments beginning on December 5, 2007.
(6) The stock appreciation right vested in five equal annual installments beginning on June 6, 2009.
(7) The stock option vests in five equal annual installments, beginning on December 28, 2012.
(8) The stock options vests in five equal annual installments, beginning on December 10, 2013.

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