SEC Form 3 · accession 0001209191-15-048304
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sukhi Nagesh
Officer — interim CFO
Period of report
May 22, 2015
Accepted (ET)
Jun 1, 2015 · 4:10 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 | holding | — | — | — | 5,713 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $14.14 | holding | — | — | — | — | Jun 27, 2021 | Common Shares | 6,250 | — | D |
| Restricted Stock Units (Right to Acquire)F3,F2 | — | holding | — | — | — | — | — | Common Shares | 2,000 | — | D |
| Employee Stock Option (Right to Buy)F4 | $15.20 | holding | — | — | — | — | Apr 21, 2022 | Common Shares | 6,124 | — | D |
| Employee Stock Option (Right to Buy)F5 | $10.76 | holding | — | — | — | — | Apr 30, 2023 | Common Shares | 24,750 | — | D |
| Restricted Stock Units (Right to Acquire)F3,F6 | — | holding | — | — | — | — | — | Common Shares | 325 | — | D |
| Employee Stock Option (Right to Buy)F7 | $15.43 | holding | — | — | — | — | Mar 3, 2024 | Common Shares | 7,500 | — | D |
| Restricted Stock Units (Right to Acquire)F3,F8 | — | holding | — | — | — | — | — | Common Shares | 7,500 | — | D |
| Employee Stock Option (Right to Buy)F9 | $14.59 | holding | — | — | — | — | Jun 16, 2024 | Common Shares | 40,000 | — | D |
| Restricted Stock Units (Right to Acquire)F3,F10 | — | holding | — | — | — | — | — | Common Shares | 8,800 | — | D |
Explanation of responses
- F1Original option amount of 25,000 options vest and become exercisable at the rate of 1/5th of the shares on May 09, 2012 and 1/60th of the shares after the completion of each additional month of employment with Marvell Technology Group Ltd. ("Marvell") therafter over the next four years.
- F10The original performance-based grant was for 20,000 restricted stock units subject to the achievement of certain performance criteria. A portion of the criteria was determined to be met and 8,800 shares will vest on April 1, 2016; provided employment is served through the vesting date. Upon vesting, Marvell common shares will be delivered to the reporting person.
- F2The reporting person received 10,000 restricted stock units subject to a five-year vesting schedule, vesting 1/5th on May 15, 2012 and 1/20th after each full three (3) months of employment with Marvell thereafter over the next four years; provided employment is served through each applicable vesting date. Upon vesting, Marvell common shares will be delivered to the reporting person.
- F3Each restricted stock unit represents a contingent right to receive one Marvell common share.
- F4Original option amount of 12,250 options vest and become exercisable in four equal annual installments beginning on April 1, 2013 and every year thereafter; provided employment is served through each applicable vesting date.
- F5Original option amount of 24,750 options vest and become exercisable in three equal annual installments beginning on April 1, 2015 and each year thereafter; provided employment is served through each applicable vesting date.
- F6The reporting person received 1,300 restricted stock units subject to a four-year vesting schedule, vesting at 25% on April 1, 2013 and 25% each year thereafter; provided employment is served through each applicable vesting date. Upon vesting, Marvell common shares will be delivered to the reporting person.
- F7Original option amount of 10,000 options vest and become exercisable in four equal annual installments beginning on January 27, 2015 and every year thereafter; provided employment is served through each applicable vesting date.
- F8The reporting person received 10,000 restricted stock units subject to a four-year vesting schedule, vesting at 25% on February 15, 2015 and 25% each year thereafter; provided employment is served through each applicable vesting date. Upon vesting, Marvell common shares will be delivered to the reporting person.
- F9Option amount of 40,000 options vest and become exercisable in two equal annual installments beginning on April 1, 2017 and the following year; provided employment is served through each applicable vesting date.