SEC Form 4 · accession 0000899243-16-017596
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zining Wu
Officer — CTO
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001058057
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Apr 1, 2016 | M | 33,616 | — | A | 127,409 | D | |
| Common Shares | Apr 1, 2016 | F | 12,629 | $9.94 | D | 114,780 | D | |
| Common SharesF3 | Apr 1, 2016 | M | 8,125 | — | A | 122,905 | D | |
| Common Shares | Apr 1, 2016 | F | 3,007 | $9.94 | D | 119,898 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Award (Right to Acquire)F1,F4 | — | Apr 1, 2016 | M | 33,616 | D | — | Apr 1, 2016 | Common Shares | 33,616 | 0 | D |
| Restricted Stock Units (Right to Acquire)F3,F5 | — | Apr 1, 2016 | M | 8,125 | D | — | Apr 1, 2016 | Common Shares | 8,125 | 0 | D |
Explanation of responses
- F1Each performance award represented a contingent right to receive one Marvell common share.
- F2Surrender of shares in payment of tax withholding due as a result of the vesting of RSUs or performance award (as applicable).
- F3Each restricted stock unit ("RSU") represented a contingent right to receive one Marvell common share.
- F433,616 shares granted pursuant to a performance award were vested and released to Mr. Wu effective April 1, 2016.
- F58,125 shares granted pursuant to a service-based RSU award were vested and released to Mr. Wu effective April 1, 2016. This grant vests in four equal annual installments beginning on the first anniversary of April 1, 2012, the vesting commencement date.