SEC Form 4 · accession 0001140361-15-011759
Avago Technologies LTD · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hock E Tan
Officer — President and CEO · Director
Period of report
Mar 11, 2015
Accepted (ET)
Mar 13, 2015 · 5:47 pm EDT
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 SharesF1 | Mar 11, 2015 | M | 50,000 | $32.39 | A | 264,774 | D | |
| Ordinary SharesF2,F3,F1 | Mar 11, 2015 | S | 108,518 | $125.1579 | D | 156,256 | D |
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)F4 | $32.39 | Mar 11, 2015 | M | 50,000 | D | — | Mar 7, 2018 | Ordinary Shares | 50,000 | 500,000 | D |
Explanation of responses
- F1Includes 100,191 Restricted Share Units ("RSUs").
- F258,518 of the shares sold by the Reporting Person were mandatorily sold to cover withholding taxes due upon vesting of RSUs.
- F3Transaction executed in multiple trades at prices ranging from $124.55 to $125.41 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC 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.
- F4The Option was fully vested on March 8, 2015.