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
- 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.
- 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.
- Includes 141,451 Restricted Share Units ("RSU").
- 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.
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