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*
Bartel Danny J

(Last) (First) (Middle)
1200 EAST 151ST STREET

(Street)
OLATHE KS 66062

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/04/2006
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)
Vice President,Worldwide Sales
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 46,353 D
Common Shares 800 I Spouse has signing authority for an account that holds these shares(1)
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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) 12/07/2001(2) 12/07/2010 Common Shares 35,000 $7 D
Employee Stock Option (Right to Buy) 12/21/2002(3) 12/21/2011 Common Shares 7,000 $10.38 D
Employee Stock Option (Right to Buy) 12/26/2003(4) 12/26/2012 Common Shares 10,000 $14.9 D
Employee Stock Option (Right to Buy) 12/23/2004(5) 12/23/2013 Common Shares 10,000 $27.27 D
Employee Stock Option (Right to Buy) 09/23/2005(6) 09/23/2014 Common Shares 10,000 $19.94 D
Stock Appreciation Right 06/23/2006(7) 06/23/2015 Common Shares 5,000 $21.59 D
Stock Appreciation Right 12/16/2006(8) 12/16/2015 Common Shares 6,000 $30.66 D
Stock Appreciation Right 06/09/2007(9) 06/09/2016 Common Shares 10,000 $46.15 D
Explanation of Responses:
1. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
2. The option vests in five annual equal installments beginning 12/07/2001
3. The option vests in five annual equal installments beginning 12/21/2002
4. The option vests in five annual equal installments beginning 12/26/2003
5. The option vests in five annual equal installments beginning 12/23/2004
6. The option vests in five annual equal installments beginning 09/23/2005
7. The stock appreciation right vests in five annual equal installments beginning 06/23/2006
8. The stock appreciation right vests in five annual equal installments beginning 12/16/2006
9. The stock appreciation right vests in five annual equal installments beginning 06/09/2007
Remarks:
/s/ Danny J. Bartel 12/06/2006
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.