SEC Form 4 · accession 0001209191-15-026114
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Rashkin
Officer — CFO
Period of report
Mar 11, 2015
Accepted (ET)
Mar 13, 2015 · 4:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001058057
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (Right to Acquire)F2,F1 | — | Mar 11, 2015 | A | 47,494 | A | — | Apr 1, 2015 | Common Shares | 47,494 | 47,494 | D |
| Performance Award (Right to Acquire)F4,F3 | — | Mar 11, 2015 | A | 19,700 | A | — | Apr 1, 2015 | Common Shares | 19,700 | 19,700 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one Marvell common share.
- F2On March 11, 2015, the Executive Compensation Committee of the Board of Directors of Marvell (the "Compensation Committee") determined that the performance criteria related to 47,494 common shares subject to a performance-based RSU award granted to Mr. Michael Rashkin on April 29, 2014 were met, and the common shares issuable in respect of these RSUs will vest on April 1, 2015 subject to Mr. Rashkin's continuous status as a service provider through such date.
- F3Each performance award represents a contingent right to receive one Marvell common share.
- F4On March 11, 2015, the Compensation Committee determined that the performance criteria related to 19,700 common shares subject to a performance award granted to Mr. Rashkin on April 29, 2014 were met, and the common shares issuable in respect of these performance awards will vest on April 1, 2015 subject to Mr. Rashkin's continuous status as a service provider through such date.