Marvell Technology Group Ltd (MRVL): Starboard Value Acquires More Shares

Page 23 of 31 – SEC Filing

B.	Starboard S LLC

(a)

As of the close of business on September 15, 2016, Starboard S LLC beneficially owned 1,588,369 Shares.

Percentage: Less than 1%

(b)

1. Sole power to vote or direct vote: 1,588,369

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 1,588,369

4. Shared power to dispose or direct the disposition: 0

(c)

On September 13, 2016, Starboard S LLC exercised certain call options for 1,308,889 Shares at an exercise price of $5.00.

C.	Starboard C LP

(a)

As of the close of business on September 15, 2016, Starboard C LP beneficially owned 877,932 Shares.

Percentage: Less than 1%

(b)

1. Sole power to vote or direct vote: 877,932

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 877,932

4. Shared power to dispose or direct the disposition: 0

(c)

On September 13, 2016, Starboard C LP exercised certain call options for 727,225 Shares at an exercise price of $5.00.

D.	Starboard R LP

(a)

Starboard R LP, as the general partner of Starboard C LP, may be deemed the beneficial owner of the 877,932 Shares owned by Starboard C LP.

Percentage: Less than 1%

(b)

1. Sole power to vote or direct vote: 877,932

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 877,932

4. Shared power to dispose or direct the disposition: 0

(c)

Starboard R LP has not entered into any transactions in the Shares during the past sixty days.  The transactions in the Shares on behalf of Starboard C LP during the past sixty days are set forth in Item 5(c).