SEC Form 4 · accession 0000899243-18-008340
Broadcom Ltd · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Hao
Director
Period of report
Mar 20, 2018
Accepted (ET)
Mar 22, 2018 · 4:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001649338
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares, no par valueF2 | Mar 20, 2018 | M | 9,854 | $35.38 | A | 0 | D | |
| Ordinary Shares, no par valueF2 | holding | — | — | — | 9,854 | I | See footnote | |
| Ordinary Shares, no par valueF3 | holding | — | — | — | 1,587,737 | I | Held through SLP Argo I Ltd | |
| Ordinary Shares, no par valueF4 | holding | — | — | — | 30,830 | I | Held through SLP Argo II Ltd. | |
| Ordinary Shares, no par valueF5 | holding | — | — | — | 75,289 | I | See footnote | |
| Ordinary Shares, no par valueF6 | holding | — | — | — | 18 | 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) | $35.38 | Mar 20, 2018 | M | 9,854 | D | Apr 10, 2014 | Apr 9, 2018 | Ordinary Shares, no par value | 9,854 | 0 | D |
Explanation of responses
- F1Represents an exercise of a stock option scheduled to expire within a month of the date of exercise.
- F2Following the exercise of the stock option reported herein, Mr. Hao transferred the 9,854 ordinary shares received upon exercise to the Hao Family Trust u/a/d 10/12/99 where he continues to hold the ordinary shares.
- F3These securities are directly held by SLP Argo I Ltd. ("Argo I"). Mr. Hao, as a director of Argo I and Silver Lake (Offshore) AIV GP IV, Ltd. ("AIV GP IV"), the sole general partner of Silver Lake Technology Associates IV Cayman, L.P. ("SLTA IV Cayman"), the sole general partner of Silver Lake Partners IV Cayman (AIV II), L.P., the sole shareholder of Argo I, may be deemed to be an indirect beneficial owner of the securities directly owned by Argo I.
- F4These securities are directly held by SLP Argo II Ltd. ("Argo II"). Mr. Hao, as a director of Argo II and AIV GP IV, the sole general partner of SLTA IV Cayman, the sole general partner of Silver Lake Technology Investors IV Cayman, L.P., the sole shareholder of Argo II, may be deemed to be an indirect beneficial owner of the securities directly owned by Argo II.
- F5These securities are held by Mr. Hao for the benefit of certain entities affiliated with AIV GP IV ("Silver Lake"). Mr. Hao serves as a director of the Issuer. Pursuant to Mr. Hao's arrangement with Silver Lake with respect to director compensation, upon the sale of these securities, the proceeds from such sale(s) are expected to be remitted to Silver Lake and/or its limited partners. Mr. Hao, through his role at Silver Lake and its affiliates, may be deemed to have an indirect interest in these securities. Mr. Hao is a director of AIV GP IV.
- F6These securities are held by Mr. Hao's family limited partnership.
Remarks
Pursuant to Rule 16a-1(a)(4) of the Exchange Act, this filing shall not be deemed an admission that the Reporting Person is a beneficial owner of all securities covered by this filing, and the Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any.