SEC Form 4 · accession 0001649338-17-000113
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
Sep 15, 2017
Accepted (ET)
Sep 19, 2017 · 5:41 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 | Sep 15, 2017 | M | 20,000 | $32.39 | A | 130,623 | D | |
| Ordinary Shares, no par valueF3,F2 | Sep 15, 2017 | S | 5,700 | $245.779 | D | 124,923 | D | |
| Ordinary Shares, no par valueF4,F2 | Sep 15, 2017 | S | 10,600 | $246.461 | D | 114,323 | D | |
| Ordinary Shares, no par valueF5,F2 | Sep 15, 2017 | S | 3,700 | $247.63 | D | 110,623 | 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)F6 | $32.39 | Sep 15, 2017 | M | 20,000 | D | — | Mar 7, 2018 | Ordinary Shares, no par value | 20,000 | 50,000 | D |
Explanation of responses
- F1Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Includes 6,010 Restricted Share Units.
- F3Transaction executed in multiple trades at prices ranging from $245.17 to $246.16 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 $246.17 to $247.14 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 $247.19 to $247.94 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.
- F6The option is fully vested and exercisable.