0001209191-19-025175.txt : 20190417 0001209191-19-025175.hdr.sgml : 20190417 20190417195807 ACCESSION NUMBER: 0001209191-19-025175 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: Hu Jean X. CENTRAL INDEX KEY: 0001452385 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-30877 FILM NUMBER: 19754206 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 0001452385 Hu Jean X. 5488 MARVELL LANE SANTA CLARA CA 95054 0 1 0 0 Chief Financial Officer Common Shares 2019-04-15 4 M 0 14837 0.00 A 65914 D Common Shares 2019-04-15 4 F 0 5131 23.71 D 60783 D Common Shares 2019-04-15 4 M 0 12419 0.00 A 73202 D Common Shares 2019-04-15 4 F 0 4295 23.71 D 68907 D Restricted Stock Units 2019-04-15 4 M 0 14837 0.00 D Common Shares 14837 15287 D Restricted Stock Units 2019-04-15 4 M 0 12419 0.00 D Common Shares 12419 24837 D Restricted Stock Units 2019-04-15 4 A 0 46394 0.00 A Common Shares 46394 46394 D Performance Based Restricted Stock Units 2019-04-15 4 A 0 204262 0.00 A Common Shares 204262 204262 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. Jean Hu by Blair Walters as Attorney-in-Fact 2019-04-17