Filing Details

Accession Number:
0001649338-17-000062
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-20 20:41:59
Reporting Period:
2017-03-15
Filing Date:
2017-03-20
Accepted Time:
2017-03-20 20:41:59
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1649338 Broadcom Ltd AVGO () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1201633 Henry Samueli C/o Avago Technologies Us Inc.
1320 Ridder Park Drive
San Jose CA 95131
Chief Technical Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Ordinary Shares, No Par Value Acquisiton 2017-03-15 2,897 $0.00 198,144 No 4 M Direct
Ordinary Shares, No Par Value Disposition 2017-03-16 1,537 $222.44 196,607 No 4 S Direct
Ordinary Shares, No Par Value Disposition 2017-03-17 1,540 $222.07 195,067 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Ordinary Shares, No Par Value Performance Based Restricted Stock Units Disposition 2017-03-15 2,897 $0.00 2,897 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,691 2020-03-15 No 4 M Direct
Footnotes
  1. Shares vested pursuant to a share price performance restricted share unit award (the "Performance RSU") granted pursuant to the Broadcom Corporation 2012 Stock Incentive Plan (the "Broadcom Corporation 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 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 January 5, 2017, the Price Contingency was met, and on March 15, 2017, the first 25% of the Performance RSU vested.
  2. 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.
  3. Includes 141,451 Restricted Share Units ("RSU").
  4. 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.