gl-sc13ga12_mar112015.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 12)*

Garmin Ltd.
 
(Name of Issuer)
 
Registered Shares
 
(Title of Class of Securities)
 
H2906T 109
 
(CUSIP Number)
 
March 10, 2015
 
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[  ]           Rule 13d-1(b)
 
[  ]           Rule 13d-1(c)
 
[X]           Rule 13d-1(d)
 
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 
 
 
 

         
CUSIP No. H2906T 109
  
13G
  
Page 2 of 5 Pages
         

         
1.
  
NAMES OF REPORTING PERSONS
 
Gary L. Burrell
    
2.
  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨
(b) x
    
3.
  
SEC USE ONLY
 
   
4.
  
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
    
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
  
5.
  
SOLE VOTING POWER
 
-0-
 
6.
  
SHARED VOTING POWER
 
18,702,000
 
7.
  
SOLE DISPOSITIVE POWER
 
-0-
 
8.
  
SHARED DISPOSITIVE POWER
 
18,702,000
9.
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,702,000
    
10.
  
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
x
    
11.
  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
9.72%
    
12.
  
TYPE OF REPORTING PERSON 
 
IN
    
         
 
 
 
 
         
CUSIP No. H2906T 109
  
13G
  
Page 3 of 5 Pages
         
Item 1.
 
(a)
Name of Issuer
Garmin Ltd.
     
 
(b)
Address of Issuer’s Principal Executive Offices
Mühlentalstrasse 2
8200 Schaffhausen, Switzerland
     
Item 2.
 
(a)
Name of Person Filing
Gary L. Burrell
     
 
(b)
Address of the Principal Office or, if none, residence
1200 East 151st Street
Olathe, KS 66062
     
 
(c)
Citizenship
USA
     
 
(d)
Title of Class of Securities
Registered Shares
     
 
(e)
CUSIP Number
H2906T 109
     
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
¨
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
       
 
(b)
¨
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
       
 
(c)
¨
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
       
 
(d)
¨
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
       
 
(e)
¨
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
       
 
(f)
¨
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
       
 
(g)
¨
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
       
 
(h)
¨
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
       
 
(i)
¨
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
       
  (j) ¨ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
       
 
(k)
¨
Group, in accordance with §240.13d-1(b)(1)(ii)(K).
 
 
If filing as a non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J), please specify the type of institution: ____
 
Item 4. Ownership.
         
       
 
(a)
  
Amount beneficially owned: 18,702,000
 
 
 
         
 
The 18,702,000 Registered Shares reported are held by the Gary L. Burrell Revocable Trust, over which Registered Shares the reporting person shares voting and dispositive power with his son, Jonathan Burrell, who is the reporting person’s attorney-in fact.
 
In addition to the 18,702,000 Registered Shares reported, 863,570 Registered Shares are held by the Judith M. Burrell Revocable Trust, over which Registered Shares the reporting person's spouse and son share voting and dispositive power. The reporting person does not have any voting or dispositive power with respect to the 863,570 Registered Shares held by the Judith M. Burrell Revocable Trust, and disclaims beneficial ownership of these 863,570 Registered Shares.
         
 
(b)
  
Percent of class: 9.72%
         
 
(c)
  
Number of shares as to which the person has:
         
     
(i)
sole power to vote or to direct the vote: -0-
         
     
(ii)
shared power to vote or to direct the vote: 18,702,000
         
     
(iii)
sole power to dispose or to direct the disposition of: -0-
         
     
(iv)
shared power to dispose or to direct the disposition of: 18,702,000
         
         
Item 5.
Ownership of 5 Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following.[ ]
 
Item 6.
Ownership of More than 5 Percent on Behalf of Another Person
 
Not Applicable
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
 
Not Applicable
 
Item 8.
Identification and Classification of Members of the Group
 
Not Applicable
 
Item 9.
Notice of Dissolution of Group
 
Not Applicable
 
Item 10.
Certification
 
Not Applicable
 
 
 
SIGNATURES
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
 
 
March 12, 2015
        Date
 
 
 
 
 
 
      /s/ Gary L. Burrell
        Signature
 
 
 
 
 
 
      Gary L. Burrell
       
Name