Broadcom Inc. — Director's Dealing 2020

Mar 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Broadcom Inc. (AVGO)
CIK: 0001730168
Period of Report: 2020-03-15

Reporting Person: SAMUELI HENRY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-15	Common Stock, $0.001 par value	M	2897	—	Acquired	261857	Direct
2020-03-15	Common Stock, $0.001 par value	A	725	—	Acquired	262582	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-15	Performance Based Restricted Stock Units	$0.0	M	2897	Disposed	2020-03-15	Common Stock, $0.001 par value (2897.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	2815759	Indirect
Common Stock, $0.001 par value	5752978	Indirect
Common Stock, $0.001 par value	399918	Indirect
Common Stock, $0.001 par value	459690	Indirect
Common Stock, $0.001 par value	1860	Indirect

Footnotes

F1: Shares vested pursuant to a share price performance restricted stock unit award (the "Performance RSU") granted pursuant to the Broadcom Corporation 2012 Stock Incentive Plan ("2012 Broadcom Plan") on March 15, 2016. The Performance RSU is subject to vest over four years, with 25% vesting on each anniversary of the date of grant, such that the Performance RSU 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 average of the closing prices of the Issuer's 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 shares on the date of grant (the "Price Contingency"). On January 5, 2017, the Price Contingency was met, and on March 15, 2020, the fourth and final 25% of the Performance RSU vested.

F2: Each Performance RSU represents the right to receive, at settlement, one share of common stock of the Issuer. This transaction represents the settlement of the Performance RSU in the Issuer's shares of common stock on the scheduled vest date.

F3: Includes 3,556 restricted stock units ("RSU").

F4: On March 15, 2020, the Compensation Committee of the Issuer determined the achievement of certain performance criteria, based on the Issuer's compound annual total stockholder return relative to the S&P 500 Index, and the number of RSUs that vested on March 15, 2020 with respect to the third of four performance periods pursuant to the terms of a performance stock unit award granted on March 15, 2017 under the 2012 Broadcom Plan. The Reporting Person received one (1) share of common stock for each one (1) RSU.

F5: Directly held by H&S Investments I L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

F6: Directly held by HS Portfolio L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

F7: Directly held by HS Management, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

F8: Directly held by H&S Portfolio II L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

F9: Directly held by H&S Ventures LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.