SEC Form 4 · accession 0001209191-15-032302
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, 2015
Accepted (ET)
Apr 3, 2015 · 4:30 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,F2 | Apr 1, 2015 | M | 21,392 | — | A | 83,160 | D | |
| Common Shares | Apr 1, 2015 | F | 8,040 | $14.97 | D | 75,120 | D | |
| Common SharesF4 | Apr 1, 2015 | M | 32,286 | — | A | 107,406 | D | |
| Common Shares | Apr 1, 2015 | F | 12,134 | $14.97 | D | 95,272 | D | |
| Common SharesF1 | Apr 1, 2015 | M | 5,000 | — | A | 100,272 | D | |
| Common Shares | Apr 1, 2015 | F | 1,891 | $14.97 | D | 98,381 | D | |
| Common SharesF1 | Apr 1, 2015 | M | 8,125 | — | A | 106,506 | D | |
| Common Shares | Apr 1, 2015 | F | 3,042 | $14.97 | D | 103,464 | D |
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)F1,F5 | — | Apr 1, 2015 | M | 21,392 | D | — | Apr 1, 2015 | Common Shares | 21,392 | 0 | D |
| Performance Award (Right to Acquire)F4,F6 | — | Apr 1, 2015 | M | 32,286 | D | — | Apr 1, 2015 | Common Shares | 32,286 | 0 | D |
| Restricted Stock Units (Right to Acquire)F1,F7 | — | Apr 1, 2015 | M | 5,000 | D | — | Apr 1, 2015 | Common Shares | 5,000 | 0 | D |
| Restricted Stock Units (Right to Acquire)F1,F8 | — | Apr 1, 2015 | M | 8,125 | D | — | Apr 1, 2016 | Common Shares | 8,125 | 8,125 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represented a contingent right to receive one Marvell common share.
- F2Includes 2,800 and 97 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 6, 2014 and December 5, 2014, respectively, in an exempt transaction per transaction code A, as well as under Rule 16b-3(c).
- F3Surrender of shares in payment of tax withholding due as a result of the vesting of RSUs or performance award (as applicable).
- F4Each performance award represented a contingent right to receive one Marvell common share.
- F521,392 shares granted pursuant to a performance-based RSU award were vested and released to Mr. Zining Wu effective April 1, 2015.
- F632,286 shares granted pursuant to a performance award were vested and released to Mr. Wu effective April 1, 2015.
- F75,000 shares granted pursuant to a service-based RSU award were vested and released to Mr. Wu effective April 1, 2015. This grant vested in four equal annual installments beginning on the first anniversary of April 1, 2011, the vesting commencement date.
- F88,125 shares granted pursuant to a service-based RSU award were vested and released to Mr. Wu effective April 1, 2015. This grant vests in four equal annual installments beginning on the first anniversary of April 1, 2012, the vesting commencement date.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney