SEC Form 4 · accession 0001441634-15-000019
Avago Technologies LTD · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan Ingram
Officer — Chief Operating Officer
Period of report
Jun 5, 2015
Accepted (ET)
Jun 9, 2015 · 8:16 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 | Jun 5, 2015 | M | 6,667 | $35.45 | A | 136,915 | D | |
| Ordinary SharesF2 | Jun 5, 2015 | M | 8,000 | $62.02 | A | 144,915 | D | |
| Ordinary SharesF2 | Jun 5, 2015 | M | 25,000 | $32.39 | A | 169,915 | D | |
| Ordinary SharesF3,F2 | Jun 5, 2015 | S | 3,942 | $139.95 | D | 165,973 | D | |
| Ordinary SharesF4,F2 | Jun 5, 2015 | S | 11,314 | $141.34 | D | 154,659 | D | |
| Ordinary SharesF5,F2 | Jun 5, 2015 | S | 8,467 | $142.15 | D | 146,192 | D | |
| Ordinary SharesF6,F2 | Jun 5, 2015 | S | 21,700 | $143.36 | D | 124,492 | D | |
| Ordinary SharesF7,F2 | Jun 5, 2015 | S | 3,000 | $143.85 | D | 121,492 | D | |
| Ordinary SharesF2 | Jun 9, 2015 | S | 55 | $139.3781 | D | 121,437 | 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 | $35.45 | Jun 5, 2015 | M | 6,667 | D | — | Mar 11, 2020 | Ordinary Shares | 6,667 | 53,333 | D |
| Stock Option (Right to Buy)F8 | $62.02 | Jun 5, 2015 | M | 8,000 | D | — | Mar 10, 2021 | Ordinary Shares | 8,000 | 232,000 | D |
| Stock Option (Right to Buy)F9 | $32.39 | Jun 5, 2015 | M | 25,000 | D | — | Mar 7, 2018 | Ordinary Shares | 25,000 | 50,000 | D |
Explanation of responses
- F1Transactions made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Includes 104,333 Restricted Share Units.
- F3Transaction executed in multiple trades at prices ranging from $139.56 to $140.54 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 $140.73 to $141.72 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 $141.73 to $142.70 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 $142.81 to $143.80 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.
- F7Transaction executed in multiple trades at prices ranging from $143.81 to $143.95 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 "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 exercisability requirements for the Option have been met.
- F9The option is fully vested and exercisable.