4//SEC Filing
Avago Technologies LTD 4
Accession 0001140361-16-050110
CIK 0001441634operating
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:04 PM ET
Size
14.4 KB
Accession
0001140361-16-050110
Insider Transaction Report
Form 4
DILLER JAMES
Director
Transactions
- Disposition to Issuer
Ordinary Shares, no par value
2016-02-01−29,745→ 0 total(indirect: See Footnote) - Disposition to Issuer
Ordinary Shares, no par value
2016-02-01−6,589→ 0 total - Disposition to Issuer
Ordinary Shares, no par value
2016-02-01−90,255→ 0 total(indirect: See Footnote) - Disposition to Issuer
Stock Option (Right to Buy)
2016-02-01−5,223→ 0 totalExercise: $62.47Exp: 2019-04-08→ Ordinary Shares, no par value (5,223 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-02-01−9,854→ 0 totalExercise: $35.38Exp: 2018-04-09→ Ordinary Shares, no par value (9,854 underlying)
Footnotes (6)
- [F1]Includes 1,563 Restricted Stock Units.
- [F2]Disposed of in connection with the transactions consummated on February 1, 2016 pursuant to the terms of an Agreement and Plan of Merger, dated as of May 28, 2015, by and among the Issuer, Broadcom Corporation ("Broadcom"), Pavonia Limited ("Holdco"), Safari Cayman L.P., Avago Technologies Cayman Holdings Ltd., Avago Technologies Cayman Finance Limited, Buffalo CS Merger Sub, Inc. ("CS Merger Sub") and Buffalo UT Merger Sub, Inc. ("UT Merger Sub," and, together with CS Merger Sub, the "Merger Subs"), pursuant to which (a) the Issuer was indirectly acquired by Holdco pursuant to the terms of a scheme of arrangement under Singapore law consummated in accordance with Section 210 of the Companies Act (Chapter 50) of Singapore, and (b) the Merger Subs merged with and into Broadcom, with Broadcom as the surviving corporation in such mergers (collectively, the "Transactions"). Continued in footnote (3).
- [F3]As a result of the Transactions, (x) both the Issuer and Broadcom became indirect subsidiaries of Holdco, (y) all issued Ordinary Shares of the Issuer were exchanged on a one-for-one basis for newly issued ordinary shares of Holdco, and (z) each outstanding share option or restricted share unit issued by the Issuer has been converted into an option to purchase Holdco ordinary shares or a Holdco restricted share unit, respectively, covering the same number of Holdco ordinary shares as the number of Ordinary Shares of the Issuer that were subject to such share option or restricted share unit immediately prior to the Transactions and, in the case of Holdco share options, at the same per share exercise price of the related share option of the Issuer immediately prior to the Transactions. Holdco was subsequently renamed Broadcom Limited.
- [F4]Shares held by the June P. Diller Annuity Trust-2010B dated May 10, 2010, for which the Reporting Person serves as Trustee.
- [F5]Shares held by the James V. Diller and June P. Diller Trust UA 7/20/77, for which the Reporting Person serves as Trustee.
- [F6]The option is fully vested and exercisable.
Documents
Issuer
Avago Technologies LTD
CIK 0001441634
Entity typeoperating
Related Parties
1- filerCIK 0001441634
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:04 PM ET
- Size
- 14.4 KB