SEC Form 4 · accession 0001649338-16-000003
Broadcom Ltd · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony E. Maslowski
Officer — SVP & Chief Financial Officer
Period of report
Feb 17, 2016
Accepted (ET)
Feb 18, 2016 · 6:58 pm EST
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 | Feb 17, 2016 | M | 5,000 | $39.25 | A | 66,917 | D | |
| Ordinary Shares, no par valueF2 | Feb 17, 2016 | S | 5,000 | $127.00 | D | 61,917 | D | |
| Ordinary Shares, no par valueF3 | holding | — | — | — | 14,237 | 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)F4 | $39.25 | Feb 17, 2016 | M | 5,000 | D | — | Sep 10, 2020 | Ordinary Shares, no par value | 5,000 | 57,500 | D |
Explanation of responses
- F1Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Includes 61,917 Restricted Share Units.
- F3The shares are held by The Anthony E. Maslowski Trust dated May 20, 2011 for which the Reporting Person serves as trustee.
- F4Share 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 11, 2017. The exercisability requirements for the Option have been met.