SEC Form 4 · accession 0001649338-16-000139
Broadcom Ltd · AVGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia H McCall
Officer — VP & General Counsel
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 6:12 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 | Dec 15, 2016 | M | 2,500 | $10.22 | A | 44,993 | D | |
| Ordinary Shares, no par valueF2,F1 | Dec 15, 2016 | S | 2,500 | $181.00 | D | 42,493 | D | |
| Ordinary Shares, no par valueF3,F1 | Dec 16, 2016 | S | 131 | $179.683 | D | 42,362 | 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 | $10.22 | Dec 15, 2016 | M | 2,500 | D | — | Feb 21, 2018 | Ordinary Shares, no par value | 2,500 | 7,500 | D |
Explanation of responses
- F1Includes 22,000 Restricted Share Units ("RSU").
- F2Transaction executed in multiple trades at prices ranging from $181.00 to $181.02 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.
- 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.
- F4The option is fully vested and exercisable.