4//SEC Filing
BROADCOM CORP 4
Accession 0001054374-16-000156
CIK 0001054374operating
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 7:18 PM ET
Size
6.3 KB
Accession
0001054374-16-000156
Insider Transaction Report
Form 4
BROADCOM CORPBRCM
RAMASWAMI RAJIV
EVP & GM, Enterprise Net Grp
Transactions
- Disposition to Issuer
Class A common stock
2016-02-01−333,235→ 0 total
Footnotes (3)
- [F1]Includes 40,662 shares of Class A Common Stock and 292,573 restricted stock units that were disposed of pursuant to the Agreement and Plan of Merger, dated as of May 28, 2015 (the "Merger Agreement"), by and among Avago Technologies Limited ("Avago"), Pavonia Limited ("Holdco"), Safari Cayman, L.P. ("Holdco LP"), the Issuer and the other parties thereto, whereby the Issuer became an indirect subsidiary of Holdco and Holdco LP upon the merger of certain indirect subsidiaries of Holdco and Holdco LP with and into the Issuer, with the Issuer continuing as the surviving corporation of each such merger (such mergers, the "Transactions").
- [F2]At the effective time of the Transactions, each share of Broadcom common stock (each, a "Broadcom Common Share") was converted into the right to receive, at the election of the holder of such Broadcom Common Share, and subject to proration in accordance with the Merger Agreement, (i) $54.50 in cash, (ii) 0.4378 freely-tradeable ordinary shares of Holdco ("Holdco Ordinary Shares"), or (iii) 0.4378 limited partnership units of Holdco LP, that are designed to be the economic equivalent of 0.4378 ordinary shares of Holdco. As of the close of trading on February 1, 2016, the market price of Holdco Ordinary Shares was $137.68 per share.
- [F3]Vested restricted stock units were cancelled pursuant to the Merger Agreement, in exchange for which the holder received an amount in cash equal to the product of (i) the total number of Broadcom Common Shares subject to such restricted stock units multiplied by (ii) $54.5176, which is the sum of (A) $27.25 and (B) 0.2189 times $124.5664.
Documents
Issuer
BROADCOM CORP
CIK 0001054374
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001054374
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 7:18 PM ET
- Size
- 6.3 KB