UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Performance Based Restricted Stock Units | Â (2) | Â (3) | Ordinary Shares | 15,000 | $ 0 | D | Â |
Stock Option (Right to Buy) | Â (4) | 03/01/2021 | Ordinary Shares | 8,494 | $ 62.63 | D | Â |
Stock Option (Right to Buy) | Â (5) | 03/01/2020 | Ordinary Shares | 7,337 | $ 38.92 | D | Â |
Stock Option (Right to Buy) | Â (6) | 03/01/2019 | Ordinary Shares | 3,879 | $ 48.18 | D | Â |
Stock Option (Right to Buy) | Â (7) | 06/09/2021 | Ordinary Shares | 120,000 | $ 71.86 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kawwas Charlie B C/O AVAGO TECHNOLOGIES U.S. INC. 1320 RIDDER PARK DRIVE SAN JOSE, CA 95131 |
 |  |  SVP WORLDWIDE SALES |  |
/s/ Patricia McCall, Attorney-in-Fact for Charlie B Kawwas | 06/09/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Includes 73,742 Restricted Stock Units. |
(2) | Share price performance RSU (the "Performance RSU") granted pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan (the "Avago Plan"). The Performance RSU vests over four years, with 25% vesting on each anniversary of the date of grant. However, no portion of the Performance RSU shall vest unless and until the average of the closing prices of the Company'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 Company's ordinary shares on the date of grant (the "Price Contingency"). |
(3) | In the event the Price Contingency is not met on or before the fourth anniversary of the grant date, March 15, 2015, or the Reporting Person's termination of services in the Company, all Performance RSUs subject to the award which have not previously vested shall immediately be forfeited. |
(4) | Option to purchase ordinary shares of the Company, granted pursuant to the LSI Corporation 2003 Equity Incentive Plan, assumed by the Company upon the closing of its acquisition of LSI on May 6, 2014 (the "LSI Plan"). The option vests over 4 years, with one-fourth vesting on March 1 of each of 2015, 2016, 2017, 2018, subject to the Reporting Person's continuing service on each vesting date. |
(5) | Option to purchase ordinary shares of the Company, granted pursuant to the LSI Plan. The option vests over 3 years, with one-third vesting on March 1 of each of 2015, 2016, 2017, subject to the Reporting Person's continuing service on each vesting date. |
(6) | Option to purchase ordinary shares of the Company, granted pursuant to the LSI Plan. The option vests over 2 years, with 50% vesting on March 1, 2015 and 50% vesting on March 1, 2016, subject to the Reporting Person's continuing service on each vesting date. |
(7) | Share price performance option (the "Performance Option") granted pursuant to the Avago Plan. The Performance Option vests over four years, with 25% vesting on each anniversary of the date of grant. The Performance Option will not become exercisable until the date on which the average of the closing prices of the Company's ordinary shares (as reported on the stock exchange on which the shares are listed), over a ten consecutive trading day period is equal to or greater than 120% of the exercise price of Performance Option. |
 Remarks: EXHIBIT LIST: EX-24 POA Kawwas 2015.06 |