SEC Form 4 · accession 0001209191-19-006781
MARVELL TECHNOLOGY GROUP LTD · MRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Muhammad Raghib Hussain
Officer — EVP Chief Strategy Officer
Period of report
Jan 31, 2019
Accepted (ET)
Feb 4, 2019 · 4:21 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 SharesF1 | Jan 31, 2019 | M | 88,245 | $0.00 | A | 686,716 | D | |
| Common SharesF2 | Jan 31, 2019 | F | 35,922 | $18.53 | D | 650,794 | D | |
| Common Shares | holding | — | — | — | 78,325 | I | By family trusts |
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 | — | Jan 31, 2019 | M | 12,454 | D | — | — | Common Shares | 12,454 | 0 | D |
| Restricted Stock UnitsF3,F5 | — | Jan 31, 2019 | M | 9,443 | D | — | — | Common Shares | 9,443 | 9,443 | D |
| Restricted Stock UnitsF3,F4 | — | Jan 31, 2019 | M | 12,995 | D | — | — | Common Shares | 12,995 | 0 | D |
| Restricted Stock UnitsF3,F5 | — | Jan 31, 2019 | M | 20,552 | D | — | — | Common Shares | 20,552 | 20,553 | D |
| Restricted Stock UnitsF3,F6 | — | Jan 31, 2019 | M | 16,533 | D | — | — | Common Shares | 16,533 | 33,068 | D |
| Restricted Stock UnitsF3,F7 | — | Jan 31, 2019 | M | 16,268 | D | — | — | Common Shares | 16,268 | 48,807 | D |
Explanation of responses
- F1Represents all RSU Shares vested and acquired by the reporting person on January 31, 2019.
- F2Represents all RSU Shares surrendered in payment of tax withholding due as a result of the vesting of all RSU's acquired by the reporting person on January 31, 2019.
- F3Each restricted stock unit represents a contingent right to receive one Marvell Technology Group Ltd. ("Marvell") common share upon vesting.
- F4This award fully vested on January 31, 2019.
- F5This award vests as to 50% of the shares on each of January 31, 2019 and 2020.
- F6This award vests as to 1/3 of the shares on each of January 31, 2019, 2020 and 2021.
- F7This award vests as to 25% of the shares on each of January 31, 2019, 2020, 2021 and 2022.