4//SEC Filing
Ingram Bryan 4
Accession 0001730168-19-000040
CIK 0001730168other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 6:50 PM ET
Size
14.0 KB
Accession
0001730168-19-000040
Insider Transaction Report
Form 4
Broadcom Inc.AVGO
Ingram Bryan
SVP & GM, Wireless Semicon Div
Transactions
- Exercise/Conversion
Common Stock, $0.001 par value
2019-03-15+6,250→ 102,977 total - Exercise/Conversion
Performance Based Restricted Stock Units
2019-03-15−6,250→ 0 totalExercise: $0.00Exp: 2019-03-15→ Common Stock, $0.001 par value (6,250 underlying) - Exercise/Conversion
Common Stock, $0.001 par value
2019-03-15+2,500→ 105,477 total - Exercise/Conversion
Performance Based Restricted Stock Units
2019-03-15−2,500→ 2,500 totalExercise: $0.00Exp: 2020-03-15→ Common Stock, $0.001 par value (2,500 underlying) - Tax Payment
Common Stock, $0.001 par value
2019-03-15$290.29/sh−11,574$3,359,816→ 93,903 total
Footnotes (5)
- [F1]Shares vested pursuant to a share price performance restricted stock 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 subject to vest over four years, with 25% vesting on each anniversary of the date of grant, such that the Performance RSU fully vested on March 15, 2019, subject to the Reporting Person's continued service through such date; and provided, however, that no portion of the Performance RSU may vest unless the average of the closing prices of the Issuer's 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 shares on the date of grant (the "Price Contingency"). On April 1, 2016, the Price Contingency was met, and on March 15, 2019, the fourth and final 25% of the Performance RSU vested.
- [F2]Each Performance RSU represents the right to receive, at settlement, one share of common stock of the Issuer. This transaction represents the settlement of the Performance RSU in the Issuer's shares of common stock on the scheduled vest date.
- [F3]Includes 51,625 RSUs.
- [F4]Performance RSU granted pursuant to the 2009 Avago Plan on March 15, 2016. The Performance RSU is subject to vest over four years, with 25% vesting on each anniversary of the date of grant, such that the Performance RSU will fully vest on March 15, 2020, subject to the Reporting Person's continued service through such date; and 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, 2019, the third 25% of the Performance RSU vested.
- [F5]Consists of shares withheld by the Issuer to satisfy the tax withholding obligations of the Reporting Person upon the vesting of the relevant RSUs, including Performance RSUs, previously granted to the Reporting Person.
Documents
Issuer
Broadcom Inc.
CIK 0001730168
Entity typeother
Related Parties
1- filerCIK 0001469468
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 6:50 PM ET
- Size
- 14.0 KB