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MRVL Marvell Technology Inc

69.67
2.19 (3.25%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Marvell Technology Inc NASDAQ:MRVL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.19 3.25% 69.67 68.60 69.91 69.74 67.80 68.53 11,543,836 01:00:00

Statement of Changes in Beneficial Ownership (4)

16/07/2020 10:45pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Jarnac Dean E Jr.
2. Issuer Name and Ticker or Trading Symbol

MARVELL TECHNOLOGY GROUP LTD [ MRVL ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SVP Worldwide Sales
(Last)          (First)          (Middle)

5488 MARVELL LANE
3. Date of Earliest Transaction (MM/DD/YYYY)

7/15/2020
(Street)

SANTA CLARA, CA 95054
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 7/15/2020  M  664 A$0.00 21812 D  
Common Shares 7/15/2020  F(1)  330 D$37.05 21482 D  
Common Shares 7/15/2020  M  861 A$0.00 22343 D  
Common Shares 7/15/2020  F(1)  427 D$37.05 21916 D  
Common Shares 7/15/2020  M  2319 A$0.00 24235 D  
Common Shares 7/15/2020  F(1)  1150 D$37.05 23085 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (2)7/15/2020  M     664   (3) (3)Common Shares 664 $0.00 1994 D  
Restricted Stock Units  (2)7/15/2020  M     861   (4) (4)Common Shares 861 $0.00 6029 D  
Restricted Stock Units  (2)7/15/2020  M     2319   (5) (5)Common Shares 2319 $0.00 25515 D  

Explanation of Responses:
(1) Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
(2) Each restricted stock unit represents a contingent right to receive one Marvell Technology Group Ltd. ("Marvell") common share upon vesting.
(3) The remaining RSUs vest on each of 10/15/2020, 1/15/2021, and 4/15/2021.
(4) The remaining RSUs vest on each of 10/15/2020, 1/15/2021, 4/15/2021, 7/15/2021, 10/15/2021, 1/15/2022 and 4/15/2022.
(5) The remaining RSU's will vest on 10/15/20, 1/15/21, 4/15/21, 7/15/21, 10/15/21, 1/15/22, 4/15/22, 7/15/22, 10/15/22, 1/15/23 and 4/15/23.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Jarnac Dean E Jr.
5488 MARVELL LANE
SANTA CLARA, CA 95054


SVP Worldwide Sales

Signatures
Dean Jarnac by Blair Walters as Attorney-in-Fact7/16/2020
**Signature of Reporting PersonDate

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