SEC Form 4 · accession 0001441634-15-000050
Avago Technologies LTD · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charlie B Kawwas
Officer — SVP WORLDWIDE SALES
Period of report
Sep 9, 2015
Accepted (ET)
Sep 11, 2015 · 5:21 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 | Sep 9, 2015 | M | 10,000 | $71.86 | A | 78,800 | D | |
| Ordinary SharesF2,F1 | Sep 9, 2015 | S | 10,000 | $129.831 | D | 68,800 | 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)F3 | $71.86 | Sep 9, 2015 | M | 10,000 | D | — | Jun 9, 2021 | Ordinary Shares | 10,000 | 110,000 | D |
Explanation of responses
- F1Includes 63,742 Restricted Share Units.
- F2Transaction executed in multiple trades at prices ranging from $129.51 to $130.17 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.
- F3Share 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.