4//SEC Filing
Avago Technologies LTD 4
Accession 0001140361-16-050124
CIK 0001441634operating
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:11 PM ET
Size
16.2 KB
Accession
0001140361-16-050124
Insider Transaction Report
Form 4
TAN HOCK E
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Ordinary Shares, no par value
2016-02-01−134,979→ 0 total - Disposition to Issuer
Stock Option(Right to Buy)
2016-02-01−1,547,916→ 0 totalExercise: $38.99Exp: 2020-09-12→ Ordinary Shares, no par value (1,547,916 underlying) - Disposition to Issuer
Stock Option(Right to Buy)
2016-02-01−131,250→ 0 totalExercise: $35.45Exp: 2020-03-11→ Ordinary Shares, no par value (131,250 underlying) - Disposition to Issuer
Stock Option(Right to Buy)
2016-02-01−200,000→ 0 totalExercise: $32.39Exp: 2018-03-07→ Ordinary Shares, no par value (200,000 underlying) - Disposition to Issuer
Stock Option(Right to Buy)
2016-02-01−750,000→ 0 totalExercise: $52.65Exp: 2021-01-01→ Ordinary Shares, no par value (750,000 underlying)
Footnotes (7)
- [F1]Includes 35,416 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]Share 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.
- [F5]Share price performance option (the "2013 Option") granted pursuant to the Avago Plan. The 2013 Option vests over four years, with 25% vesting on each anniversary of the date of grant, such that the 2013 Option will be fully vested on March 12, 2017. The exercisability requirements for the 2013 Option have been met.
- [F6]The option is fully vested and exercisable.
- [F7]Share price performance option (the "2014 Option") granted pursuant to the Avago Plan. The 2014 Option vests over four years, with 25% vesting on each anniversary of the date of grant, such that the 2014 Option will be fully vested on January 2, 2018, based on the Reporting Person's continued service to the Company. The exercisability requirements for the 2014 Option have been met.
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, 5:11 PM ET
- Size
- 16.2 KB