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