SEC Form 4 · accession 0001209191-15-056259
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zining Wu
Officer — Chief Technology Officer
Period of report
Jun 23, 2015
Accepted (ET)
Jun 25, 2015 · 4:05 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 | Jun 23, 2015 | M | 40,000 | $10.76 | A | 143,464 | D | |
| Common SharesF1 | Jun 23, 2015 | S | 40,000 | $14.5135 | D | 103,464 | D | |
| Common SharesF2 | Jun 23, 2015 | S | 11,312 | $14.5103 | D | 92,152 | 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)F3 | $10.76 | Jun 23, 2015 | M | 40,000 | A | — | Apr 30, 2023 | Common Shares | 40,000 | 80,000 | D |
| Employee Stock Option (Right to Buy)F4 | $14.35 | Jun 24, 2015 | A | 127,460 | A | — | Jun 24, 2025 | Common Shares | 127,460 | 127,460 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.51 to $14.525, inclusive. The reporting person undertakes to provide Marvell Technology Group Ltd. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 1 to this Form 4.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.50 to $14.515, inclusive. The reporting person undertakes to provide Marvell, any security holder of Marvell, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.
- F3Original option amount of 120,000 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.
- F4Option vests in two equal annual installments beginning on April 1, 2018 and the following year, provided employment is served through each applicable vesting date.