SEC Form 4 · accession 0001209191-15-032312
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
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 4:32 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 | 47,494 | — | A | 48,922 | D | |
| Common Shares | Apr 1, 2015 | F | 17,844 | $14.97 | D | 31,078 | D | |
| Common SharesF4 | Apr 1, 2015 | M | 19,700 | — | A | 50,778 | D | |
| Common Shares | Apr 1, 2015 | F | 7,461 | $14.97 | D | 43,317 | 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 | 47,494 | D | — | Apr 1, 2015 | Common Shares | 47,494 | 0 | D |
| Performance Award (Right to Acquire)F4,F6 | — | Apr 1, 2015 | M | 19,700 | D | — | Apr 1, 2015 | Common Shares | 19,700 | 0 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represented a contingent right to receive one Marvell common share.
- F2Includes 1,428 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on December 5, 2014, 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.
- F547,494 shares granted pursuant to a performance-based RSU award were vested and released to Mr. Michael Rashkin effective April 1, 2015.
- F619,700 shares granted pursuant to a performance award were vested and released to Mr. Rashkin effective April 1, 2015.