SEC Form 4 · accession 0001054374-15-000030
BROADCOM CORP · BRCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Brandt
Officer — Executive Vice President & CFO
Period of report
Feb 12, 2015
Accepted (ET)
Feb 13, 2015 · 6:27 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 | 87,500 | $32.93 | A | 588,258 | D | |
| Class A common stock | Feb 12, 2015 | S | 87,500 | $44.82 | D | 500,758 | D | |
| Class A common stock | Feb 13, 2015 | M | 100,000 | $27.74 | A | 600,758 | D | |
| Class A common stock | Feb 13, 2015 | M | 150,000 | $23.17 | A | 750,758 | D | |
| Class A common stock | Feb 13, 2015 | M | 120,000 | $29.39 | A | 870,758 | D | |
| Class A common stockF2,F3 | Feb 13, 2015 | S | 370,000 | $45.5155 | D | 500,758 | 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)F4 | $32.93 | Feb 12, 2015 | M | 87,500 | D | — | May 2, 2017 | Class A common stock | 87,500 | 0 | D |
| Employee stock option (right to buy)F4 | $27.74 | Feb 13, 2015 | M | 100,000 | D | — | Apr 23, 2018 | Class A common stock | 100,000 | 0 | D |
| Employee stock option (right to buy)F4 | $23.17 | Feb 13, 2015 | M | 150,000 | D | — | Apr 27, 2019 | Class A common stock | 150,000 | 0 | D |
| Employee stock option (right to buy)F4 | $29.39 | Feb 13, 2015 | M | 120,000 | D | — | Feb 4, 2020 | Class A common stock | 120,000 | 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.
- F2Such transaction was executed in multiple trades at prices ranging from $45.50 to $45.59. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3Includes (i) 179,529 shares that are held as Class A common stock and (ii) 321,229 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.
- F4All shares subject to such option are fully vested and immediately exercisable.