- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2021-04-19 20:55:57
- Reporting Period:
- Accepted Time:
- 2021-04-19 20:55:57
- SEC Url:
- Form 4 Filing
|Cik||Name||Symbol||Sector (SIC)||IRS No|
|1058057||Marvell Technology Group Ltd||MRVL||Semiconductors & Related Devices (3674)||770481679|
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1452385||X. Jean Hu||5488 Marvell Lane |
Santa Clara CA 95054
|Chief Financial Officer||No||Yes||No||No|
Reported Non-Derivative Transactions
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
Reported Derivative Transactions
|Sec. Name||Sec. Type||Acquisiton - Disposition||Date||Amount||Price||Amount - 2||Price - 2|
|Common Shares||Restricted Stock Units||Disposition||2021-04-15||3,105||$0.00||3,105||$0.00|
|Common Shares||Restricted Stock Units||Disposition||2021-04-15||3,866||$0.00||3,866||$0.00|
|Common Shares||Restricted Stock Units||Disposition||2021-04-15||3,976||$0.00||3,976||$0.00|
|Common Shares||Restricted Stock Units||Disposition||2021-04-15||34,688||$0.00||34,688||$0.00|
|Common Shares||Restricted Stock Units||Acquisiton||2021-04-15||29,521||$0.00||29,521||$0.00|
|Remaning Holdings||Exercise Date||Expiration Date||Equity Swap Involved||Transaction Form Type||Transaction Code||Nature of Ownership|
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.24 to $48.66, inclusive. The reporting person undertakes to provide Marvell Technology Group Ltd. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
- Each restricted stock unit represents a contingent right to receive one Marvell Technology Group Ltd. ("Marvell") common share upon vesting.
- This award fully vested on April 15, 2021.
- The remaining RSUs vest quarterly on each of 07/15/2021, 10/15/2021, 01/15/2022 and 04/15/2022.
- The remaining RSUs vest quarterly on each of 07/15/2021, 10/15/2021, 01/15/2022, 04/15/2022, 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.
- This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2018. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results were certified on 04/15/2021.
- The Restricted Stock Units (RSUs) will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.