SEC Form 4 · accession 0001054374-15-000095
BROADCOM CORP · BRCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott A McGregor
Officer — President & CEO · Director
Period of report
Jun 4, 2015
Accepted (ET)
Jun 8, 2015 · 7:01 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 | Jun 4, 2015 | M | 60,000 | $32.93 | A | 2,010,038 | D | |
| Class A common stock | Jun 4, 2015 | M | 75,000 | $27.74 | A | 2,085,038 | D | |
| Class A common stockF2,F3 | Jun 4, 2015 | S | 135,000 | $54.4434 | D | 1,950,038 | 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 | Jun 4, 2015 | M | 60,000 | D | — | May 2, 2017 | Class A common stock | 60,000 | 110,000 | D |
| Employee stock option (right to buy)F4 | $27.74 | Jun 4, 2015 | M | 75,000 | D | — | Apr 23, 2018 | Class A common stock | 75,000 | 100,000 | 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 $54.17 to $54.74. 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) 884,199 shares that are held as Class A common stock and (ii) 1,065,839 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.