SEC Form 4 · accession 0001649338-16-000033
Broadcom Ltd · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charlie B Kawwas
Officer — SVP & Chief Sales Officer
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 6:29 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 valueF1 | Mar 14, 2016 | M | 10,000 | $71.86 | A | 94,926 | D | |
| Ordinary Shares, no par valueF1 | Mar 14, 2016 | M | 3,879 | $48.18 | A | 98,805 | D | |
| Ordinary Shares, no par valueF1 | Mar 14, 2016 | M | 3,669 | $38.92 | A | 102,474 | D | |
| Ordinary Shares, no par valueF1 | Mar 14, 2016 | M | 2,832 | $62.63 | A | 105,306 | D | |
| Ordinary Shares, no par valueF2,F1 | Mar 14, 2016 | S | 28,455 | $147.68 | D | 76,851 | 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)F3 | $71.86 | Mar 14, 2016 | M | 10,000 | D | — | Jun 9, 2021 | Ordinary Shares, no par value | 10,000 | 90,000 | D |
| Stock Option (Right to Buy)F4 | $48.18 | Mar 14, 2016 | M | 3,879 | D | — | Mar 1, 2019 | Ordinary Shares, no par value | 3,879 | 0 | D |
| Stock Option (Right to Buy)F5 | $38.92 | Mar 14, 2016 | M | 3,669 | D | — | Mar 1, 2020 | Ordinary Shares, no par value | 3,669 | 3,668 | D |
| Stock Option (Right to Buy)F6 | $62.63 | Mar 14, 2016 | M | 2,832 | D | — | Mar 1, 2021 | Ordinary Shares, no par value | 2,832 | 5,662 | D |
Explanation of responses
- F1Includes 76,851 Restricted Share Units.
- F2Transaction executed in multiple trades at prices ranging from $147.24 to $147.97 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.
- F3Share 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 June 10, 2018. The exercisability requirements of the Option have been met.
- F4The option is fully vested and exercisable.
- F5The option vests over 3 years, with one-third vesting on March 1 of each of 2015, 2016, 2017, subject to the Reporting Person's continuing service on each vesting date.
- F6The option vests over 4 years, with one-fourth vesting on March 1 of each of 2015, 2016, 2017, 2018, subject to the Reporting Person's continuing service on each vesting date.