0001209191-19-025174.txt : 20190417 0001209191-19-025174.hdr.sgml : 20190417 20190417195613 ACCESSION NUMBER: 0001209191-19-025174 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190415 FILED AS OF DATE: 20190417 DATE AS OF CHANGE: 20190417 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Christman Dan CENTRAL INDEX KEY: 0001697033 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-30877 FILM NUMBER: 19754202 MAIL ADDRESS: STREET 1: 5488 MARVELL LANE CITY: SANTA CLARA STATE: CA ZIP: 95054 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MARVELL TECHNOLOGY GROUP LTD CENTRAL INDEX KEY: 0001058057 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770481679 STATE OF INCORPORATION: D0 FISCAL YEAR END: 0202 BUSINESS ADDRESS: STREET 1: CANON'S COURT STREET 2: 22 VICTORIA STREET CITY: HAMILTON HM 12 STATE: D0 ZIP: NA BUSINESS PHONE: 4412966395 MAIL ADDRESS: STREET 1: CANON'S COURT CITY: HAMILTON HM 12 STATE: D0 ZIP: NA 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2019-04-15 0 0001058057 MARVELL TECHNOLOGY GROUP LTD MRVL 0001697033 Christman Dan 5488 MARVELL LANE SANTA CLARA CA 95054 0 1 0 0 EVP, Storage Business Group Common Shares 2019-04-15 4 M 0 8273 0.00 A 27517 D Common Shares 2019-04-15 4 F 0 3771 23.71 D 23746 D Common Shares 2019-04-15 4 M 0 7876 0.00 A 31622 D Common Shares 2019-04-15 4 F 0 3590 23.71 D 28032 D Restricted Stock Units 2019-04-15 4 M 0 8273 0.00 D Common Shares 8273 8254 D Restricted Stock Units 2019-04-15 4 M 0 7876 0.00 D Common Shares 7876 15750 D Restricted Stock Units 2019-04-15 4 A 0 29524 0.00 A Common Shares 29524 29524 D Performance Based Restricted Stock Units 2019-04-15 4 A 0 133214 0.00 A Common Shares 133214 133214 D 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. The remaining RSUs vest on April 15, 2020. The RSUs vest in quarterly installments on each of July 15, 2019, October 15, 2019, January 15, 2020, April 15, 2020, July 15, 2020, October 15, 2020, January 15, 2021 and April 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. Value Creation Award that has been designed to provide a strong incentive to create a substantial increase in shareholder value. Vesting of these performance-based restricted stock units is dependent upon a significant increase in the Company's stock price. The performance condition will be satisfied once the Company's average stock price equals or exceeds $40.00 per share for 100 calendar days prior to the fourth anniversary of the date of grant ("Performance Condition"). The shares vest one year after the date the Performance Condition is satisfied. In the event of a change in control, the Performance Condition may be deemed partially satisfied depending on the value received in the transaction. Dan Christman by Blair Walters as Attorney-in-Fact 2019-04-17