SEC Form 4 · accession 0001140361-15-011779
Avago Technologies LTD · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Boon C Ooi
Officer — SVP, Global Operations
Period of report
Mar 11, 2015
Accepted (ET)
Mar 13, 2015 · 6:31 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 SharesF2 | Mar 11, 2015 | M | 12,500 | $62.02 | A | 91,091 | D | |
| Ordinary SharesF3,F2 | Mar 11, 2015 | S | 34,234 | $125.1615 | D | 56,857 | D | |
| Ordinary SharesF4,F2 | Mar 11, 2015 | S | 1,600 | $126.1478 | D | 55,257 | D | |
| Ordinary SharesF2 | Mar 12, 2015 | M | 7,500 | $35.45 | A | 62,757 | D | |
| Ordinary SharesF5,F2 | Mar 12, 2015 | S | 400 | $122.438 | D | 62,357 | D | |
| Ordinary SharesF6,F2 | Mar 12, 2015 | S | 3,900 | $123.868 | D | 58,457 | D | |
| Ordinary SharesF7,F2 | Mar 12, 2015 | S | 3,200 | $124.572 | D | 55,257 | 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)F8 | $62.02 | Mar 11, 2015 | M | 12,500 | D | — | Mar 10, 2021 | Ordinary Shares | 12,500 | 37,500 | D |
| Stock Option (Right to Buy)F9 | $35.45 | Mar 12, 2015 | M | 7,500 | D | — | Mar 11, 2020 | Ordinary Shares | 7,500 | 15,000 | D |
Explanation of responses
- F1Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
- F2Includes 52,167 Restricted Share Units ("RSUs").
- F3Transaction executed in multiple trades at prices ranging from $125.00 to $125.80 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.
- F4Transaction executed in multiple trades at prices ranging from $126.04 to $126.23 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.
- F5Transaction executed in multiple trades at prices ranging from $122.04 to $122.79 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.
- F6Transaction executed in multiple trades at prices ranging from $123.35 to $124.28 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.
- F7Transaction executed in multiple trades at prices ranging from $124.35 to $124.86 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.
- F8Share price performance option (the "First Option") granted pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan (the "Avago Plan"). The First Option vests over four years, with 25% vesting on each anniversary of March 11, 2014. The First Option will not be exercisable until the date on which the average of the closing prices of the Company'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 of the First Option. This criteria has been met and the First Option is exercisable to the extent vested.
- F9Share price performance option (the "Second Option") granted pursuant to the Avago Plan. The Second Option vests over four years, with 25% vesting on each anniversary of March 12, 2013. The Second Option will not be exercisable until the date on which the average of the closing prices of the Company'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 of the Second Option. This criteria has been met and the Second Option is exercisable to the extent vested.