SEC Form 4 · accession 0001649338-16-000094
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
Jun 16, 2016
Accepted (ET)
Jun 20, 2016 · 6:08 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 | Jun 16, 2016 | M | 6,667 | $35.45 | A | 106,163 | D | |
| Ordinary Shares, no par valueF2 | Jun 16, 2016 | M | 20,000 | $62.02 | A | 126,163 | D | |
| Ordinary Shares, no par valueF3,F2 | Jun 16, 2016 | S | 31,487 | $157.04 | D | 94,676 | 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 | Jun 16, 2016 | M | 6,667 | D | — | Mar 11, 2020 | Ordinary Shares, no par value | 6,667 | 26,666 | D |
| Stock Option (Right to Buy)F5 | $62.02 | Jun 16, 2016 | M | 20,000 | D | — | Mar 10, 2021 | Ordinary Shares, no par value | 20,000 | 152,000 | D |
Explanation of responses
- F1Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Includes 83,916 Restricted Share Units.
- F3Transaction executed in multiple trades at prices ranging from $156.57 to $157.29 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 "2013 Option") granted pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan (the "Avago Plan"). The 2013 Option vests over four years, with 25% vesting on each anniversary of the date of grant, such that the 2013 Option will be fully vested on March 12, 2017. The exercisability requirements for the 2013 Option have been met.
- F5Share price performance option (the "2014 Option") granted pursuant to the Avago Plan. The 2014 Option vests over four years, with 25% vesting on each anniversary of the date of grant, such that the 2014 Option will be fully vested on March 11, 2018. The exercisability requirements for the 2014 Option have been met.