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