SEC Form 4 · accession 0001649338-16-000124
Broadcom Ltd · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hock E Tan
Officer — President and CEO · Director
Period of report
Dec 7, 2016
Accepted (ET)
Dec 8, 2016 · 6:30 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 valueF1,F2 | Dec 7, 2016 | A | 6,010 | $0.00 | A | 133,468 | D | |
| Ordinary Shares, no par valueF3,F4 | Dec 7, 2016 | S | 3,259 | $164.921 | D | 130,209 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Award approved on December 7, 2016 with an effective grant date of December 15, 2016.
- F2Grant of Restricted Share Units ("RSUs") pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan (the "Avago Plan"). Upon vesting thereof, the Reporting Person is entitled to one (1) Ordinary Share for each one (1) RSU. The RSUs vest as to 25% of the shares subject thereto on each annual anniversary of December 15, 2016.
- F3Shares sold by the Reporting Person pursuant to mandatory sale provisions of the relevant RSU grant requiring the sale of sufficient shares to cover withholding taxes due upon vesting of RSUs.
- F4Includes 20,593 RSUs.