SEC Form 4 · accession 0001649338-16-000031
Broadcom Ltd · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan Ingram
Officer — SVP & GM, Wireless Semicon Div
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 6:25 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 14, 2016 | M | 6,667 | $35.45 | A | 106,475 | D | |
| Ordinary Shares, no par valueF2 | Mar 14, 2016 | M | 20,000 | $62.02 | A | 126,475 | D | |
| Ordinary Shares, no par valueF3,F2 | Mar 14, 2016 | S | 26,667 | $147.34 | D | 99,808 | 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)F4 | $35.45 | Mar 14, 2016 | M | 6,667 | D | — | Mar 11, 2020 | Ordinary Shares, no par value | 6,667 | 33,333 | D |
| Stock Option (Right to Buy)F5 | $62.02 | Mar 14, 2016 | M | 20,000 | D | — | Mar 10, 2021 | Ordinary Shares, no par value | 20,000 | 172,000 | D |
Explanation of responses
- F1Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Includes 90,166 Restricted Share Units.
- F3Transaction executed in multiple trades at prices ranging from $147.15 to $147.80 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.
- F4Share price performance option (the "Option") granted pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan ("2009 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.
- F5Option granted pursuant to the 2009 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 11, 2018. The exercisability requirements for the Option have been met.