SEC Form 4 · accession 0001649338-17-000024
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
Mar 6, 2017
Accepted (ET)
Mar 8, 2017 · 8:00 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 valueF2 | Dec 13, 2016 | G | 12,000 | $0.00 | D | 118,209 | D | |
| Ordinary Shares, no par valueF2 | Mar 6, 2017 | M | 65,000 | $32.39 | A | 183,209 | D | |
| Ordinary Shares, no par valueF3,F2 | Mar 6, 2017 | S | 15,450 | $216.09 | D | 167,759 | D | |
| Ordinary Shares, no par valueF4,F2 | Mar 6, 2017 | S | 38,153 | $216.70 | D | 129,606 | D | |
| Ordinary Shares, no par valueF5,F2 | Mar 6, 2017 | S | 11,197 | $218.03 | D | 118,409 | D | |
| Ordinary Shares, no par valueF6,F2 | Mar 6, 2017 | S | 200 | $218.52 | D | 118,209 | 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)F7 | $32.39 | Mar 6, 2017 | M | 65,000 | D | — | Mar 7, 2018 | Ordinary Shares, no par value | 65,000 | 135,000 | D |
Explanation of responses
- F1Charitable gift to Massachusetts Institute of Technology.
- F2Includes 20,593 Restricted Share Units.
- F3Transaction executed in multiple trades at prices ranging from $215.36 to $216.35 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.
- F4Transaction executed in multiple trades at prices ranging from $216.36 to $217.34 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.
- F5Transaction executed in multiple trades at prices ranging from $217.47 to $218.44 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.
- F6Transaction executed in multiple trades at prices ranging from $218.50 to $218.53 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.
- F7The option is fully vested and exercisable.