Broadcom Ltd 4

Accession 0001649338-17-000060

CIK 0001649338operating

View on SEC.gov Company Profile

Filed

Mar 19, 8:00 PM ET

Accepted

Mar 20, 8:38 PM ET

Size

15.3 KB

Accession

0001649338-17-000060

Insider Transaction Report

Form 4

Period: 2017-03-15

Broadcom LtdAVGO

MCCALL PATRICIA H

VP & General Counsel

Transactions

Exercise/Conversion
Ordinary Shares, no par value
2017-03-15+1,750→ 47,560 total
Exercise/Conversion
Ordinary Shares, no par value
2017-03-15+1,500→ 49,060 total
Exercise/Conversion
Performance Based Restricted Stock Units
2017-03-15−1,500→ 4,500 total
Exercise: $0.00Exp: 2020-03-15→ Ordinary Shares, no par value (1,500 underlying)
Sale
Ordinary Shares, no par value
2017-03-17$222.07/sh−1,729$383,966→ 45,605 total
Sale
Ordinary Shares, no par value
2017-03-16$222.44/sh−1,726$383,923→ 47,334 total
Exercise/Conversion
Perfornance Based Restricted Stock Unit
2017-03-15−1,750→ 3,500 total
Exercise: $0.00Exp: 2019-03-15→ Ordinary Shares, no par value (1,750 underlying)

Footnotes (5)

[F1]Shares vested pursuant to a share price performance restricted share unit award (the "Performance RSU") granted pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan ("2009 Avago Plan") on March 15, 2015. The Performance RSU is scheduled to vest over four years, with 25% vesting on each anniversary of the date of grant, such that the Performance RSU will be fully vested on March 15, 2019; provided, however, that no portion of the Performance RSU may vest unless the average of the closing prices of the Issuer'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 the Issuer's ordinary shares on the date of grant (the "Price Contingency"). On April 1, 2016, the Price Contingency was met, and on March 15, 2017, the second 25% of the Performance RSU vested.
[F2]Each Performance RSU represents the right to receive, at settlement, one ordinary share of the Issuer. This transaction represents the settlement of the Performance RSU in the Issuer's ordinary shares on the scheduled vesting date.
[F3]Includes 19,250 Restricted Share Units.
[F4]Performance RSU granted pursuant to the 2009 Avago Plan on March 15, 2016. The Performance RSU is scheduled to vest over four years, with 25% vesting on each anniversary of the date of grant, such that the Performance RSU will be fully vested on March 15, 2020; provided, however, that no portion of the Performance RSU may vest unless the Price Contingency has been met. On January 5, 2017, the Price Contingency was met, and on March 15, 2017, the first 25% of the Performance RSU vested.
[F5]Shares sold by the Reporting Person pursuant to mandatory sale provisions of the relevant RSU grants, including the Performance RSU, requiring the sale of sufficient shares to cover withholding taxes due upon vesting of RSUs.

Documents

1 file

4
wf-form4_149005667975601.xmlPrimary
FORM 4

Issuer

Broadcom Ltd

CIK 0001649338

→

Entity typeoperating

Related Parties

filerCIK 0001649338

Filing Metadata

Form type: 4
Filed: Mar 19, 8:00 PM ET
Accepted: Mar 20, 8:38 PM ET
Size: 15.3 KB

View on SEC.gov