Broadcom Pte. Form 3 Broadcom / Thomas H. Krause ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Krause Thomas H.

(Last) (First) (Middle)

C/O AVAGO TECHNOLOGIES US INC.

1320 RIDDER PARK DRIVE

(Street)

SAN JOSE CA 95131

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/24/2016

3. Issuer Name and Ticker or Trading Symbol
Broadcom Ltd [ AVGO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Acting CFO &Principal Fin Ofcr

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares, no par value	34,500(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Based Restricted Stock Units	(2)	(3)	Ordinary Shares, no par value	10,000	0.0	D
Performance Based Restricted Stock Units	(4)	(5)	Ordinary Shares, no par value	10,000	0.0	D
Stock Option (Right to Buy)	(6)	03/10/2021	Ordinary Shares, no par value	45,000	62.02	D
Stock Option (Right to Buy)	(7)	03/11/2020	Ordinary Shares, no par value	6,000	35.45	D

Explanation of Responses:

1. Represents 34,500 Restricted Stock Units ("RSUs").

2. Share price performance RSU (the "2016 Performance RSU") granted on March 15, 2016 pursuant to the Avago Technologies Limited 2009 Equity Incentive Award Plan (the "Avago Plan"). The 2016 Performance RSU vests over four years, with 25% vesting on each anniversary of the date of grant. However, no portion of the 2016 Performance RSU shall vest unless and until 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").

3. In the event that the Price Contingency is not met on or prior to the earlier of the fourth anniversary of the March 15, 2016, or the Reporting Person's termination of services with the Issuer, all 2016 Performance RSUs subject to the award which have not previously vested shall immediately be forfeited.

4. Share price performance RSU (the "2015 Performance RSU") granted on March 15, 2015 pursuant to the Avago Plan. The 2015 Performance RSU vests over four years, with 25% vesting on each anniversary of the date of grant. However, no portion of the 2015 Performance RSU shall vest unless and until the Price Contingency is met.

5. In the event that the Price Contingency is not met on or prior to the earlier of the fourth anniversary of March 15, 2015, or the Reporting Person's termination of services with the Issuer, all 2015 Performance RSUs subject to the award which have not previously vested shall immediately be forfeited.

6. Share price performance option (the "2014 Option") granted on March 11, 2014 pursuant to the Avago Plan. The 2014 Option vests over four years, with 25% vesting on each anniversary of the date of grant, such that the 2014 Option will be fully vested on March 11, 2018, subject to the Reporting Person's continuing service on each vesting date. The exercisability requirements for the 2014 Option have been met.

7. Share price performance option (the "2013 Option") granted on March 12, 2013 pursuant to the Avago Plan. The 2013 Option vests over four years, with 25% vesting on each anniversary of the date of grant, such that the 2013 Option will be fully vested on March 12, 2017, subject to the Reporting Person's continuing service on each vesting date. The exercisability requirements for the 2013 Option have been met.

Remarks:

	/s/ Rebecca Boyden, Attorney-in-Fact for Thomas H. Krause	04/01/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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