SEC Form 4 · accession 0001054374-15-000026
BROADCOM CORP · BRCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael E. Hurlston
Officer — EVP, Worldwide Sales
Period of report
Feb 12, 2015
Accepted (ET)
Feb 13, 2015 · 6:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001054374
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A common stock | Feb 12, 2015 | M | 30,000 | $41.15 | A | 250,054 | D | |
| Class A common stockF2 | Feb 12, 2015 | S | 30,000 | $44.95 | D | 220,054 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F3 | $41.15 | Feb 12, 2015 | M | 30,000 | D | — | May 4, 2016 | Class A common stock | 30,000 | 0 | D |
Explanation of responses
- F1The shares covered by this Form 4 are being sold pursuant to a Rule 10b5-1 Sales Plan, which is intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2Includes (i) 51,773 shares that are held as Class A common stock and (ii) 168,281 shares in the form of restricted stock units that will entitle the Reporting Person to receive one share of Class A common stock per restricted stock unit.
- F3All shares subject to such option are fully vested and immediately exercisable.