SEC Form 4 · accession 0001649338-17-000147
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 15, 2017
Accepted (ET)
Dec 19, 2017 · 7:41 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 15, 2017 | M | 10,000 | $32.39 | A | 120,623 | D | |
| Ordinary Shares, no par valueF2 | Dec 15, 2017 | M | 10,000 | $38.99 | A | 130,623 | D | |
| Ordinary Shares, no par valueF3,F2 | Dec 15, 2017 | S | 5,920 | $259.086 | D | 124,703 | D | |
| Ordinary Shares, no par valueF4,F2 | Dec 15, 2017 | S | 13,280 | $259.857 | D | 111,423 | D | |
| Ordinary Shares, no par valueF5,F2 | Dec 15, 2017 | S | 800 | $261.019 | D | 110,623 | D | |
| Ordinary Shares, no par valueF6,F2 | Dec 18, 2017 | S | 789 | $264.377 | D | 109,834 | 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 | Dec 15, 2017 | M | 10,000 | D | — | Mar 7, 2018 | Ordinary Shares, no par value | 10,000 | 0 | D |
| Stock Option (Right to Buy)F8 | $38.99 | Dec 15, 2017 | M | 10,000 | D | — | Sep 12, 2020 | Ordinary Shares, no par value | 10,000 | 1,537,916 | D |
Explanation of responses
- F1Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Includes 4,507 Restricted Share Units.
- F3Transaction executed in multiple trades at prices ranging from $258.46 to $259.43 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 $259.46 to $260.42 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 $260.52 to $261.65 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.
- F6Shares sold by the Reporting Person pursuant to mandatory sale provisions of the relevant restricted share unit ("RSU") grant requiring the sale of sufficient shares to cover withholding taxes due upon vesting of RSUs.
- F7The option is fully vested and exercisable.
- F8Share price performance option (the "2006 Option") granted pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan (the "Avago Plan"). The 2006 Option is fully vested and the exercisability requirements for the 2006 Option have been met.