SEC Form 4 · accession 0001209191-15-032318

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

Apr 1, 2015

Accepted (ET)

Apr 3, 2015 · 4:34 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 Shares^F1,F2	Apr 1, 2015	M	169,717	—	A	46,885,840	D
Common Shares^F2	Apr 1, 2015	F	86,106	$14.97	D	46,799,734	D
Common Shares^F4,F2	Apr 1, 2015	M	59,500	—	A	46,859,234	D
Common Shares^F2	Apr 1, 2015	F	31,048	$14.97	D	46,828,186	D
Common Shares^F1,F2	Apr 1, 2015	M	50,000	—	A	46,878,186	D
Common Shares^F2	Apr 1, 2015	F	18,790	$14.97	D	46,859,396	D
Common Shares^F1,F2	Apr 1, 2015	M	95,078	—	A	46,954,474	D
Common Shares^F2	Apr 1, 2015	F	42,780	$14.97	D	46,911,694	D
Common Shares^F4,F2	Apr 1, 2015	M	32,834	—	A	46,944,528	D
Common Shares^F2	Apr 1, 2015	F	17,133	$14.97	D	46,927,395	D
Common Shares^F1,F2	Apr 1, 2015	M	20,000	—	A	46,947,395	D
Common Shares^F2	Apr 1, 2015	F	7,487	$14.97	D	46,939,908	D
Common shares^F5	holding	—	—		—	18,253,334	I	By Sutardja Family Partners

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,F6	—	Apr 1, 2015	M	169,717	D	—	Apr 1, 2015	Common Shares	169,717	0	D
Performance Award (Right to Acquire)^F4,F7	—	Apr 1, 2015	M	59,500	D	—	Apr 1, 2015	Common Shares	59,500	0	D
Restricted Stock Units (Right to Acquire)^F1,F8	—	Apr 1, 2015	M	50,000	D	—	Apr 1, 2016	Common Shares	50,000	50,000	D
Restricted Stock Units (Right to Acquire)^F1,F9	—	Apr 1, 2015	M	95,078	D	—	Apr 1, 2015	Common Shares	95,078	0	D
Performance Award (Right to Acquire)^F4,F10	—	Apr 1, 2015	M	32,834	D	—	Apr 1, 2015	Common Shares	32,834	0	D
Restricted Stock Units (Right to Acquire)^F1,F11	—	Apr 1, 2015	M	20,000	D	—	Apr 1, 2016	Common Shares	20,000	20,000	D

Explanation of responses

F1Each restricted stock unit ("RSU") represented a contingent right to receive one Marvell common share.
F1032,834 shares granted pursuant to a performance award were vested and released to Ms. Dai effective April 1, 2015.
F1120,000 shares granted pursuant to a service-based RSU award were vested and released to Ms. Dai 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.
F2These securities are jointly owned by Ms. Weili Dai and Dr. Sehat Sutardja who are members of a "Group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended. Dr. Sutardja and Ms. Dai are husband and wife.
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.
F5Ms. Dai and Dr. Sutardja are the general partners of The Sutardja Family Partners, a California family limited partnership.
F6169,717 shares granted pursuant to a performance-based RSU award were vested and released to Dr. Sutardja effective April 1, 2015.
F759,500 shares granted pursuant to a performance award were vested and released to Dr. Sutardja effective April 1, 2015.
F850,000 shares granted pursuant to a service-based RSU award were vested and released to Dr. Sutardja 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.
F995,078 shares granted pursuant to a performance-based RSU award were vested and released to Ms. Dai effective April 1, 2015.