SEC Form 4 · accession 0001441634-15-000071
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
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 6:06 pm EST
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 | Dec 1, 2015 | M | 96,355 | $38.99 | A | 234,611 | D | |
| Ordinary SharesF2 | Dec 1, 2015 | M | 9,374 | $35.45 | A | 243,985 | D | |
| Ordinary SharesF3,F2 | Dec 1, 2015 | S | 16,926 | $131.84 | D | 227,059 | D | |
| Ordinary SharesF4,F2 | Dec 1, 2015 | S | 72,703 | $132.58 | D | 154,356 | D | |
| Ordinary SharesF5,F2 | Dec 1, 2015 | S | 16,100 | $133.28 | D | 138,256 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F6 | $38.99 | Dec 1, 2015 | M | 96,355 | D | — | Sep 12, 2020 | Ordinary Shares | 96,355 | 1,653,645 | D |
| Employee Stock Options (right to buy)F7 | $35.45 | Dec 1, 2015 | M | 9,374 | D | — | Mar 11, 2020 | Ordinary Shares | 9,374 | 131,250 | D |
Explanation of responses
- F1Transactions made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Includes 41,666 Restricted Share Units.
- F3Transaction executed in multiple trades at prices ranging from $131.09 to $132.08 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 $132.09 to $133.08 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 $133.10 to $133.59 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.
- F6Share 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, such that the Option will be fully vested on September 13, 2017. The exercisability requirements for the Option have been met.
- F7Share 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, such that the Option will be fully vested on March 12, 2017. The exercisability requirements for the Option have been met.