SEC Form 4 · accession 0001054374-15-000097
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
Jun 25, 2015
Accepted (ET)
Jun 29, 2015 · 7:46 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 25, 2015 | M | 5,000 | $29.39 | A | 307,382 | D | |
| Class A common stock | Jun 25, 2015 | M | 3,750 | $29.39 | A | 311,132 | D | |
| Class A common stock | Jun 25, 2015 | M | 1,093 | $23.17 | A | 312,225 | D | |
| Class A common stock | Jun 25, 2015 | M | 2,500 | $27.74 | A | 314,725 | D | |
| Class A common stock | Jun 25, 2015 | M | 1,250 | $32.93 | A | 315,975 | D | |
| Class A common stockF2,F3 | Jun 25, 2015 | S | 13,593 | $53.1921 | D | 302,382 | 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 | $29.39 | Jun 25, 2015 | M | 5,000 | D | — | Feb 4, 2020 | Class A common stock | 5,000 | 8,296 | D |
| Employee stock option (right to buy)F4 | $29.39 | Jun 25, 2015 | M | 3,750 | D | — | Feb 4, 2020 | Class A common stock | 3,750 | 5,516 | D |
| Employee stock option (right to buy)F4 | $23.17 | Jun 25, 2015 | M | 1,093 | D | — | Apr 27, 2019 | Class A common stock | 1,093 | 0 | D |
| Employee stock option (right to buy)F4 | $27.74 | Jun 25, 2015 | M | 2,500 | D | — | Apr 23, 2018 | Class A common stock | 2,500 | 4,650 | D |
| Employee stock option (right to buy)F4 | $32.93 | Jun 25, 2015 | M | 1,250 | D | — | May 2, 2017 | Class A common stock | 1,250 | 1,734 | 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 $52.72 to $53.56. 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) 45,207 shares that are held as Class A common stock and (ii) 257,175 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.