That's it. It's more than a quick press, but less that 3 seconds. I would call it 1.5-2 seconds. If you go to 3, you get the alarm. I think this is great. I didn't see this in the manual anywhere.
Anyway, thanks everyone for helping me figure this one out!!
2011 535i xDrive Gran Turismo - ED July 11, 2011
2006 330i - Retired
2001 X5 - Retired
1995 325is - Retired