SEC Form 4 · accession 0001209191-18-051446
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jean X. Hu
Officer — Chief Financial Officer
Period of report
Sep 15, 2018
Accepted (ET)
Sep 18, 2018 · 4:14 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 | Sep 15, 2018 | M | 17,368 | $0.00 | A | 44,025 | D | |
| Common Shares | Sep 15, 2018 | F | 7,948 | $18.97 | D | 36,077 | 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 UnitsF3,F4 | — | Sep 15, 2018 | M | 17,368 | D | — | — | Common Shares | 17,368 | 17,895 | D |
Explanation of responses
- F1Includes 2,038 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 7, 2018, 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 restricted stock units ("RSUs").
- F3Each restricted stock unit represents a contingent right to receive one Marvell Technology Group Ltd. ("Marvell") common share upon vesting.
- F4The shares vest as to 33% on September 15, 2018 and 34% on September 15, 2019.