SEC Form 4 · accession 0001441634-15-000014
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
May 20, 2015
Accepted (ET)
May 21, 2015 · 6:44 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 | May 20, 2015 | M | 2,500 | $35.45 | A | 69,667 | D | |
| Ordinary SharesF2 | May 20, 2015 | M | 2,500 | $35.31 | A | 72,167 | D | |
| Ordinary SharesF2 | May 20, 2015 | S | 5,000 | $129.94 | D | 67,167 | D | |
| Ordinary SharesF3 | holding | — | — | — | 10,400 | 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)F4 | $35.45 | May 20, 2015 | M | 2,500 | D | — | Mar 11, 2020 | Ordinary Shares | 2,500 | 42,500 | D |
| Stock Option (Right to Buy)F5 | $35.31 | May 20, 2015 | M | 2,500 | D | — | Mar 5, 2019 | Ordinary Shares | 2,500 | 12,500 | 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.
- F2Includes 67,167 Restricted Share Units.
- F3The shares are held by The Anthony E. Maslowski Trust dated May 20, 2011 for which the Reporting Person serves as trustee.
- F4Share price performance option (the "Option") granted pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan. The Option vests over four years, with 25% vesting on each anniversary of the date of grant. The Option did not become 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 Option.
- F5Option vests in two (2) successive and equal installments on March 6, 2015 and March 6, 2016.