0001649338-17-000056.txt : 20170320 0001649338-17-000056.hdr.sgml : 20170320 20170320202450 ACCESSION NUMBER: 0001649338-17-000056 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170315 FILED AS OF DATE: 20170320 DATE AS OF CHANGE: 20170320 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Broadcom Ltd CENTRAL INDEX KEY: 0001649338 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 FISCAL YEAR END: 1030 BUSINESS ADDRESS: STREET 1: 1 YISHUN AVENUE 7 CITY: SINGAPORE STATE: U0 ZIP: 768923 BUSINESS PHONE: 65-6755-7888 MAIL ADDRESS: STREET 1: 1 YISHUN AVENUE 7 CITY: SINGAPORE STATE: U0 ZIP: 768923 FORMER COMPANY: FORMER CONFORMED NAME: Pavonia Ltd DATE OF NAME CHANGE: 20150728 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kawwas Charlie B CENTRAL INDEX KEY: 0001608425 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37690 FILM NUMBER: 17702729 MAIL ADDRESS: STREET 1: C/O AVAGO TECHNOLOGIES U.S. INC. STREET 2: 350 WEST TRIMBLE ROAD CITY: SAN JOSE STATE: CA ZIP: 95131 4 1 wf-form4_149005587507495.xml FORM 4 X0306 4 2017-03-15 0 0001649338 Broadcom Ltd AVGO 0001608425 Kawwas Charlie B C/O AVAGO TECHNOLOGIES US INC. 1320 RIDDER PARK DRIVE SAN JOSE CA 95131 0 1 0 0 SVP & Chief Sales Officer Ordinary Shares, no par value 2017-03-15 4 M 0 3750 0 A 79093 D Ordinary Shares, no par value 2017-03-15 4 M 0 3750 0 A 82843 D Ordinary Shares, no par value 2017-03-16 4 S 0 3977 222.435 D 78866 D Ordinary Shares, no par value 2017-03-17 4 S 0 3986 222.074 D 74880 D Ordinary Shares, no par value 2017-03-17 4 S 0 881 223.52 D 73999 D Performance Based Restricted Stock Unit 0.0 2017-03-15 4 M 0 3750 0 D 2019-03-15 Ordinary Shares, no par value 3750.0 7500 D Performance Based Restricted Stock Units 0.0 2017-03-15 4 M 0 3750 0 D 2020-03-15 Ordinary Shares, no par value 3750.0 11250 D 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. 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 65,757 RSUs and 116 shares acquired under the Issuer's Employee Stock Purchase Plan on March 14, 2017. 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. 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. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. /s/ Rebecca Boyden, Attorney-in-Fact for Charlie B Kawwas 2017-03-20