EXHIBIT 107
CALCULATION OF FILING FEE TABLE
Form S-8
(Form Type)
Garmin Ltd.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
Security Type | Security class title | Fee calculation rule | Amount registered(1) | Proposed maximum offering price per share(2) | Maximum aggregate offering price(2) | Fee rate | Amount of registration fee |
Equity | Registered Shares, CHF 0.10 par value per share | Rule 457(h) | 2,000,000 | $90.84 | $181,680,000 | 0.0001102 | $20,021.14 |
Total Offering Amounts | $181,680,000 | -- | $20,021.14 | ||||
Total Fee Offsets | -- | -- | -- | ||||
Net Fee Due | -- | -- | $20,021.14 | ||||
(1) This registration statement covers (i) 2,000,000 additional shares of Garmin Ltd. Registered Shares, CHF 0.10 par value per share (the “Registered Shares”) to be registered under the Garmin Ltd. Employee Stock Purchase Plan, as Amended and Restated on June 9, 2023 (the “Plan”) and (ii) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement also covers any additional shares of Registered Shares that may be offered or issued under the Plan due to adjustments for changes resulting from stock dividends, stock splits, recapitalizations, mergers, reorganizations, combinations or exchanges or other similar events.
(2) Pursuant to Securities Act Rule 457(h), the maximum offering price, per share and in the aggregate, was calculated upon 85% (see explanation in following sentence) of the average of the high and low prices of the Registered Shares as reported on the New York Stock Exchange on June 14, 2023, because the price at which the shares may be purchased under the Plan in the future is not currently determinable. Pursuant to the Plan, which is incorporated by reference herein, the purchase price of a Registered Share will be the lesser of (i) 85% of the fair market value (as defined in the Plan) of a Registered Share on the last trading day of the applicable accumulation period, or (ii) 85% of the fair market value of such share on the first day of the accumulation period.
