SEC Form 4 · accession 0001140361-15-002579
Avago Technologies LTD · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony E. Maslowski
Officer — SVP & Chief Financial Officer
Period of report
Jan 21, 2015
Accepted (ET)
Jan 23, 2015 · 3:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001441634
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF2 | Jan 21, 2015 | M | 5,000 | $35.45 | A | 70,501 | D | |
| Ordinary SharesF3,F2 | Jan 21, 2015 | S | 1,100 | $104.917 | D | 69,401 | D | |
| Ordinary SharesF4,F2 | Jan 21, 2015 | S | 3,400 | $105.812 | D | 66,001 | D | |
| Ordinary SharesF5,F2 | Jan 21, 2015 | S | 500 | $106.562 | D | 65,501 | D | |
| Ordinary SharesF6 | holding | — | — | — | 10,486 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F7 | $35.45 | Jan 21, 2015 | M | 5,000 | D | — | Mar 11, 2020 | Ordinary Shares | 5,000 | 50,000 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 22, 2011.
- F2Includes 62,501 restricted share units.
- F3This transaction was executed in multiple trades in prices ranging from $104.32 to $105.30, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- F4This transaction was executed in multiple trades in prices ranging from $105.34 to $106.21, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- F5This transaction was executed in multiple trades in prices ranging from $106.47 to $106.65, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- F6The shares are held by The Anthony E. Maslowski Trust dated May 20, 2011 for which the Reporting Person serves as trustee.
- F7The option vests with respect to 25% of the shares subject thereto on each of the first, second, third and fourth anniversaries of March 12, 2013. Notwithstanding the foregoing, the option is only exercisable beginning on the date on which the average of the closing prices of the Issuer's ordinary shares (as reported on the stock exchange on which the shares are listed), over a ten consecutive trading day period is equal to or greater than 120% of the exercise price thereof.