SEC Form 4 · accession 0001209191-15-026119
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Weili Dai
Officer — President · Director · 10% Owner
Sehat Sutardja
Officer — CEO · Director · 10% Owner
Period of report
Mar 11, 2015
Accepted (ET)
Mar 13, 2015 · 4:52 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,F3,F1 | — | Mar 11, 2015 | A | 169,717 | A | — | Apr 1, 2015 | Common Shares | 169,717 | 169,717 | D |
| Performance Award (Right to Acquire)F3,F5,F4 | — | Mar 11, 2015 | A | 59,500 | A | — | Apr 1, 2015 | Common Shares | 59,500 | 59,500 | D |
| Restricted Stock Units (Right to Acquire)F6,F7,F1 | — | Mar 11, 2015 | A | 95,078 | A | — | Apr 1, 2015 | Common Shares | 95,078 | 95,078 | D |
| Performance Award (Right to Acquire)F7,F8,F4 | — | Mar 11, 2015 | A | 32,834 | A | — | Apr 1, 2015 | Common Shares | 32,834 | 32,834 | 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 169,717 common shares subject to a performance-based RSU award granted to Dr. Sehat Sutjarda on April 29, 2014 were met, and the common shares issuable in respect of these RSUs will vest on April 1, 2015 subject to Dr. Sutardja's continuous status as a service provider through such date.
- F3Dr. Sehat Sutardja is the husband of Ms. Weili Dai. Dr. Sehat Sutardja holds this security in his own name. Ms. Dai may be deemed to be an indirect beneficial owner of this security.
- F4Each performance award represents a contingent right to receive one Marvell common share.
- F5On March 11, 2015, the Compensation Committee determined that the performance criteria related to 59,500 common shares subject to a performance award granted to Dr. Sutjarda 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 Dr. Sutardja's continuous status as a service provider through such date.
- F6On March 11, 2015, the Compensation Committee determined that the performance criteria related to 95,078 common shares subject to a performance-based RSU award granted to Ms. Dai on April 29, 2014 were met, and the common shares issuable in respect of these RSUs will vest on April 1, 2015 subject to Ms. Dai's continuous status as a service provider through such date.
- F7Ms. Dai is the wife of Dr. Sutardja. Ms. Dai holds this security in her own name. Dr. Sutardja may be deemed to be an indirect beneficial owner of this security.
- F8On March 11, 2015, the Compensation Committee determined that the performance criteria related to 32,834 common shares subject to a performance award granted to Ms. Dai 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 Ms. Dai's continuous status as a service provider through such date.