SEC Form 4 · accession 0001209191-17-045044
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew J Murphy
Officer — CEO and President · Director
Period of report
Jul 11, 2017
Accepted (ET)
Jul 13, 2017 · 4:30 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 | Jul 11, 2017 | M | 174,000 | $0.00 | A | 175,857 | D | |
| Common Shares | Jul 11, 2017 | F | 96,135 | $16.06 | D | 79,722 | 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 Option (Right to Buy)F3,F4 | — | Jul 11, 2017 | M | 174,000 | D | — | Jul 11, 2026 | Common Shares | 174,000 | 261,000 | D |
Explanation of responses
- F1Includes 1,857 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 7, 2017, in an exempt transaction under Rule 16b-3(c) of the Securities Exchange Act of 1934.
- F2Surrender of shares in payment of tax withholding due as a result of the vesting of RSUs.
- F3Each restricted stock unit ("RSU") represents a contingent right to receive one Marvell common share.
- F4The RSUs vest as to 174,000 shares on July 11, 2017, with the balance of the shares vesting in eight equal quarterly installments thereafter of 32,625 shares per quarter.