SEC Form 4 · accession 0001441634-16-000093
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
Jan 4, 2016
Accepted (ET)
Jan 5, 2016 · 7:09 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 | Jan 4, 2016 | M | 105,729 | $38.99 | A | 240,708 | D | |
| Ordinary SharesF3,F2 | Jan 4, 2016 | S | 19,900 | $140.56 | D | 220,808 | D | |
| Ordinary SharesF4,F2 | Jan 4, 2016 | S | 84,568 | $141.40 | D | 136,240 | D | |
| Ordinary SharesF5,F2 | Jan 4, 2016 | S | 1,261 | $142.03 | D | 134,979 | 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 | Jan 4, 2016 | M | 105,729 | D | — | Sep 12, 2020 | Ordinary Shares | 105,729 | 1,547,916 | D |
Explanation of responses
- F1Transactions made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Includes 35,416 Restricted Share Units.
- F3Transaction executed in multiple trades at prices ranging from $139.92 to $140.91 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 $140.92 to $141.90 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 $141.94 to $142.18 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.