0001649338-18-000039.txt : 20180316
0001649338-18-000039.hdr.sgml : 20180316
20180316172727
ACCESSION NUMBER: 0001649338-18-000039
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180315
FILED AS OF DATE: 20180316
DATE AS OF CHANGE: 20180316
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Krause Thomas H.
CENTRAL INDEX KEY: 0001670643
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37690
FILM NUMBER: 18696753
MAIL ADDRESS:
STREET 1: 1320 RIDDER PARK
CITY: SAN JOSE
STATE: CA
ZIP: 95131
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
4
1
wf-form4_152123563375521.xml
FORM 4
X0306
4
2018-03-15
0
0001649338
Broadcom Ltd
AVGO
0001670643
Krause Thomas H.
C/O AVAGO TECHNOLOGIES US INC.
1320 RIDDER PARK DRIVE
SAN JOSE
CA
95131
0
1
0
0
Chief Financial Officer
Ordinary Shares, no par value
2018-03-15
4
M
0
2500
0
A
70169
D
Ordinary Shares, no par value
2018-03-15
4
M
0
2500
0
A
72669
D
Ordinary Shares, no par value
2018-03-15
4
A
0
3125
0
A
75794
D
Performance Based Restricted Stock Units
0.0
2018-03-15
4
M
0
2500
0
D
2019-03-15
Ordinary Shares, no par value
2500.0
2500
D
Performance Based Restricted Stock Units
0.0
2018-03-15
4
M
0
2500
0
D
2020-03-15
Ordinary Shares, no par value
2500.0
5000
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, 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 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, 2018, the third 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 49,250 Restricted Share Units.
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, 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, 2018, the second 25% of the Performance RSU vested.
On March 15, 2018, the Compensation Committee of the Issuer determined that the number of ordinary shares vested for the first of four performance periods pursuant to a performance share unit award granted on March 15, 2017 under the 2009 Avago Plan upon the attainment of certain performance criteria based on the Issuer's compound annual total shareholder return relative to the S&P 500 Index.
/s/ Noelle Matteson, Attorney-in-Fact for Thomas H. Krause
2018-03-16