SEC Form 4 · accession 0001209191-16-153913

MARVELL TECHNOLOGY GROUP LTD · MRVL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

Weili Dai

10% Owner

Sehat Sutardja

10% Owner

Period of report

Dec 5, 2016

Accepted (ET)

Dec 7, 2016 · 4:42 pm EST

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	Dec 5, 2016	M	29,332	$6.84	A	3,498,227	D
Common Shares^F2,F1	Dec 5, 2016	S	29,332	$14.0257	D	3,468,895	D
Common Sahres^F1	Dec 5, 2016	M	300,000	$6.84	A	3,768,895	D
Common Shares^F2,F1	Dec 5, 2016	S	300,000	$14.0257	D	3,468,895	D
Common Shares^F1	Dec 5, 2016	M	200,000	$10.76	A	3,668,895	D
Common Shares^F1	Dec 5, 2016	S	200,000	$14.0257	D	3,468,895	D
Common Shares^F1	Dec 5, 2016	M	300,000	$10.76	A	3,768,895	D
Common Shares^F3,F1	Dec 5, 2016	S	300,000	$14.0266	D	3,468,895	D
Common Shares^F1	Dec 5, 2016	M	100,000	$12.92	A	3,568,895	D
Common Shares^F3,F1	Dec 5, 2016	S	100,000	$14.0266	D	3,468,895	D
Common Shares^F1,F4	holding	—	—		—	18,253,334	I	By Sutardja Family Partners
Common Shares^F1,F5	holding	—	—		—	43,514,448	I	By SSWD LLC

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)^F6	$6.84	Dec 5, 2016	M	29,332	D	—	Dec 8, 2016	Common Shares	29,332	0	D
Employee Stock Option (Right to Buy)^F6	$6.84	Dec 5, 2016	M	300,000	D	—	Dec 8, 2016	Common Shares	300,000	0	D
Employee Stock Option (Right to Buy)^F8,F7	$10.76	Dec 5, 2016	M	200,000	D	—	Dec 8, 2016	Common Shares	200,000	800,000	D
Employee Stock Option (Right to Buy)^F7	$10.76	Dec 5, 2016	M	300,000	D	—	Dec 8, 2016	Common Shares	300,000	0	D
Employee Stock Option (Right to Buy)^F9	$12.92	Dec 5, 2016	M	100,000	D	—	Dec 8, 2016	Common Shares	100,000	0	D

Explanation of responses

F1These 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.
F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.115, 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 range set forth in this footnote 2 to this Form 4.
F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.085, 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 range set forth in this footnote 2 to this Form 4.
F4Ms. Dai and Dr. Sutardja are the general partners of The Sutardja Family Partners, a California family limited partnership.
F5Ms. Dai and Dr. Sutardja are the managing members of SSWD LLC, a Delaware limited liability company.
F6Option vests at the rate of 1/4th of the shares annually beginning on the first anniversary of December 15, 2008, the vesting commencement date.
F7Option vests at the rate of 1/4th of the shares annually beginning on the first anniversary of April 30, 2013, the vesting commencement date.
F8Dr. Sehat Sutardja is the husband of Ms. Weili Dai. Dr. Sutardja holds this option in his own name. Ms. Weili Dai may be deemed to be an indirect beneficial owner of this option.
F9Option vests at the rate of 1/4th of the shares annually beginning on the first anniversary of June 10, 2009, the vesting commencement date.