SEC Form 4 · accession 0001054374-15-000053
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
Mar 25, 2015
Accepted (ET)
Mar 27, 2015 · 6:29 pm EDT
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 | Mar 25, 2015 | M | 5,000 | $29.39 | A | 331,341 | D | |
| Class A common stock | Mar 25, 2015 | M | 3,750 | $29.39 | A | 335,091 | D | |
| Class A common stock | Mar 25, 2015 | M | 1,093 | $23.17 | A | 336,184 | D | |
| Class A common stock | Mar 25, 2015 | M | 2,500 | $27.74 | A | 338,684 | D | |
| Class A common stock | Mar 25, 2015 | M | 1,250 | $32.93 | A | 339,934 | D | |
| Class A common stockF2 | Mar 25, 2015 | S | 9,000 | $42.5417 | D | 330,934 | D | |
| Class A common stockF3 | Mar 25, 2015 | S | 4,000 | $43.9833 | D | 326,934 | D | |
| Class A common stockF4 | Mar 25, 2015 | S | 593 | $44.4307 | D | 326,341 | D | |
| Class A common stockF5 | Mar 25, 2015 | S | 1,600 | $42.5374 | D | 324,741 | D | |
| Class A common stockF6,F7 | Mar 25, 2015 | S | 900 | $44.0533 | D | 323,841 | 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)F8 | $29.39 | Mar 25, 2015 | M | 5,000 | D | — | Feb 4, 2020 | Class A common stock | 5,000 | 13,296 | D |
| Employee stock option (right to buy)F8 | $29.39 | Mar 25, 2015 | M | 3,750 | D | — | Feb 4, 2020 | Class A common stock | 3,750 | 9,266 | D |
| Employee stock option (right to buy)F8 | $23.17 | Mar 25, 2015 | M | 1,093 | D | — | Apr 27, 2019 | Class A common stock | 1,093 | 1,093 | D |
| Employee stock option (right to buy)F8 | $27.74 | Mar 25, 2015 | M | 2,500 | D | — | Apr 23, 2018 | Class A common stock | 2,500 | 7,150 | D |
| Employee stock option (right to buy)F8 | $32.93 | Mar 25, 2015 | M | 1,250 | D | — | May 2, 2017 | Class A common stock | 1,250 | 2,984 | 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 $42.22 to $43.22. 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.
- F3Such transaction was executed in multiple trades at prices ranging from $43.35 to $44.30. 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.
- F4Such transaction was executed in multiple trades at prices ranging from $44.36 to $44.53. 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.
- F5Such transaction was executed in multiple trades at prices ranging from $42.22 to $43.16. 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.
- F6Such transaction was executed in multiple trades at prices ranging from $43.51 to $44.42. 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.
- F7Includes (i) 49,273 shares that are held as Class A common stock and (ii) 274,568 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.
- F8All shares subject to such option are fully vested and immediately exercisable.