SEC Form 4 · accession 0001209191-18-025154
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Inc. Caron David Marvell Semiconductor
Officer — Corporate Controller and CAO
Period of report
Apr 15, 2018
Accepted (ET)
Apr 17, 2018 · 4:09 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 Stock | Apr 15, 2018 | M | 5,062 | $0.00 | A | 5,062 | D | |
| Common Stock | Apr 15, 2018 | F | 1,752 | $22.01 | D | 3,310 | 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)F2,F3 | — | Apr 15, 2018 | M | 5,062 | D | — | — | Common Stock | 5,062 | 10,279 | D |
| Restricted Stock Option (Right to Buy)F2,F4 | — | Apr 15, 2018 | A | 9,087 | A | — | — | Common Stock | 9,087 | 9,087 | D |
Explanation of responses
- F1Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
- F2Each RSU represents a contingent right to receive one Marvell common share.
- F3The RSUs vest as to 33% on April 15, 2018, 33% on April 15, 2019 and 34% on April 15, 2020.
- F4The RSUs vest as to 33% on April 15, 2019 and in eight equal quarterly installments on each of July 15, 2019, October 15, 2019, January 15, 2020, April 15, 2020, July 15, 2020, October 15, 2020, January 15, 2021 and April 15, 2021.