Accession Number: | 0001209191-21-027457 |
Date: | 2021-04-15 |
Issuer: | MARVELL TECHNOLOGY GROUP LTD (MRVL) |
Original Submission Date: |
HU JEAN X.
5488 MARVELL LANE
SANTA CLARA, CA 95054
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON SHARES | 2021-04-15 | S | 16,071 | d | $48.54 | 73,182 | direct | ||
COMMON SHARES | 2021-04-15 | M | 3,105 | a | $0.00 | 76,287 | direct | ||
COMMON SHARES | 2021-04-15 | F | 1,513 | d | $48.78 | 74,774 | direct | ||
COMMON SHARES | 2021-04-15 | M | 3,866 | a | $0.00 | 78,640 | direct | ||
COMMON SHARES | 2021-04-15 | F | 1,866 | d | $48.78 | 76,774 | direct | ||
COMMON SHARES | 2021-04-15 | M | 3,976 | a | $0.00 | 80,750 | direct | ||
COMMON SHARES | 2021-04-15 | F | 1,865 | d | $48.78 | 78,885 | direct | ||
COMMON SHARES | 2021-04-15 | M | 34,688 | a | $0.00 | 113,573 | direct | ||
COMMON SHARES | 2021-04-15 | F | 16,892 | d | $48.78 | 96,681 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
RESTRICTED STOCK UNITS | 0.0 | 2021-04-15 | deemed execution date | M | 3,105 (d) | common shares 3,105 | $0.00 | 0 | direct | |||
RESTRICTED STOCK UNITS | 0.0 | 2021-04-15 | deemed execution date | M | 3,866 (d) | common shares 3,866 | $0.00 | 15,465 | direct | |||
RESTRICTED STOCK UNITS | 0.0 | 2021-04-15 | deemed execution date | M | 3,976 (d) | common shares 3,976 | $0.00 | 31,810 | direct | |||
RESTRICTED STOCK UNITS | 0.0 | 2021-04-15 | deemed execution date | M | 34,688 (d) | common shares 34,688 | $0.00 | 0 | direct | |||
RESTRICTED STOCK UNITS | 0.0 | 2021-04-15 | deemed execution date | A | 29,521 (a) | common shares 29,521 | $0.00 | 29,521 | direct |
ID | footnote |
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f1 | the sales reported in this form 4 were effected pursuant to a rule 10b5-1 trading plan adopted by the reporting person. |
f2 | 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. |
f3 | surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("rsus"). |
f4 | each restricted stock unit represents a contingent right to receive one marvell technology group ltd. ("marvell") common share upon vesting. |
f5 | this award fully vested on april 15, 2021. |
f6 | the remaining rsus vest quarterly on each of 07/15/2021, 10/15/2021, 01/15/2022 and 04/15/2022. |
f7 | 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. |
f8 | 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. |
f9 | the restricted stock units (rsus) will vest in equal quarterly installments over three years, and were granted as part of the annual grant process. |