4//SEC Filing
Broadcom Ltd 4
Accession 0001649338-16-000009
CIK 0001649338operating
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:43 PM ET
Size
9.3 KB
Accession
0001649338-16-000009
Insider Transaction Report
Form 4
Broadcom LtdAVGO
Maslowski Anthony E.
SVP & Chief Financial Officer
Transactions
- Award
Ordinary Shares, no par value
2016-03-01+13,000→ 74,917 total - Award
Performance Based Restricted Stock Units
2016-03-01+13,000→ 13,000 totalExercise: $0.00→ Ordinary Shares, no par value (13,000 underlying)
Holdings
- 14,237(indirect: See Footnote)
Ordinary Shares, no par value
Footnotes (6)
- [F1]Award approved on March 1, 2016 with an effective grant date of March 15, 2016 (the "Grant Date").
- [F2]Grant of Restricted Share Units ("RSUs") pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan (the "Avago Plan"). Upon vesting thereof, the Reporting Person is entitled to one (1) Ordinary Share for each one (1) RSU. The RSUs vest as to 25% of the shares subject thereto on each annual anniversary of March 15, 2016.
- [F3]Represents 74,917 Restricted Share Units.
- [F4]The shares are held by The Anthony E. Maslowski Trust dated May 20, 2011 for which the Reporting Person serves as trustee.
- [F5]Share price performance RSU (the "Performance RSU") granted pursuant to the Avago Plan. The Performance RSU vests over four years, with the vesting period commencing on the Grant Date, with 25% vesting on each anniversary of the Grant Date. However, no portion of the Performance RSU shall vest unless and until the average of the per share closing prices of the Company's ordinary shares (as reported on the stock exchange on which the shares are listed), over a twenty consecutive trading day period is equal to or greater than 120% of the fair market value of a Company's ordinary share on the Grant Date (the "Price Contingency").
- [F6]In the event that the Price Contingency is not met on or prior to the earlier of the fourth anniversary of the Grant Date or the Reporting Person's termination of services with the Issuer, all Performance RSUs subject to the award which have not previously vested shall immediately be forfeited.
Documents
Issuer
Broadcom Ltd
CIK 0001649338
Entity typeoperating
Related Parties
1- filerCIK 0001649338
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:43 PM ET
- Size
- 9.3 KB