ROSS ALAN E 4
4 · BROADCOM CORP · Filed Sep 13, 2004
Insider Transaction Report
Form 4
BROADCOM CORPBRCM
ROSS ALAN E
Director
Transactions
- Award
Class A common stock
2004-09-09+100,000→ 101,000 total
Footnotes (3)
- [F1]The securities awarded on 09/09/2004 are in the form of restricted stock units that will entitle the reporting person to receive one share of Class A common stock per restricted stock unit. The restricted stock units will vest, and the underlying shares will be concurrently issued, as follows: (i) 5,556 units will vest on 11/15/2004; (ii) 83,330 of such units will vest in a series of ten equal successive quarterly installments upon the reporting person's completion of each three month period of service over the period measured from 11/15/2004 through 05/15/2007; and (iii) the remaining 11,114 of such units will vest on 08/15/2007. The units will vest in full on an accelerated basis upon (i) the reporting person's death or disability prior to termination of service with the issuer; (ii) the appointment of his successor as CEO so long as the reporting person remains in the issuer's employ at such time or (iii) in connection with certain changes of ownership or control of the issuer.
- [F2]The securities were awarded in an exempt transaction pursuant to SEC Rule 16b-3(d).
- [F3]Includes 1,000 shares that are held as Class A common stock.