SEC Form 4 · accession 0001209191-18-030856
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil Y. Kim
Officer — Chief Technology Officer
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 4:06 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 | May 15, 2018 | M | 14,338 | $0.00 | A | 15,739 | D | |
| Common Shares | May 15, 2018 | F | 7,506 | $21.70 | D | 8,233 | D | |
| Common Shares | May 15, 2018 | M | 12,290 | $0.00 | A | 20,523 | D | |
| Common Shares | May 15, 2018 | F | 6,436 | $21.70 | D | 14,087 | 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 Units (right to buy)F2,F3 | — | May 15, 2018 | M | 14,338 | D | — | — | Common Shares | 14,338 | 29,113 | D |
| Restricted Stock Units (right to buy)F2,F3 | — | May 15, 2018 | M | 12,290 | D | — | — | Common Shares | 12,290 | 24,953 | D |
Explanation of responses
- F1Surrender of shares in payment of tax withholding due as a result of the vesting of RSUs.
- F2Each restricted stock unit ("RSU") represents a contingent right to receive one Marvell common share.
- F3The RSUs vest as to 33% on May 15, 2018, 33% on May 15, 2019 and 34% on May 15, 2020.