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Filing Details

Accession Number:: 0001209191-21-027457
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-04-19 20:55:57
Reporting Period:: 2021-04-15

Accepted Time:: 2021-04-19 20:55:57
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1058057	Marvell Technology Group Ltd	MRVL	Semiconductors & Related Devices (3674)	770481679

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1452385	X. Jean Hu	5488 Marvell Lane Santa Clara CA 95054	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Shares	Disposition	2021-04-15	16,071	$48.54	73,182	No	4	S	Direct
Common Shares	Acquisiton	2021-04-15	3,105	$0.00	76,287	No	4	M	Direct
Common Shares	Disposition	2021-04-15	1,513	$48.78	74,774	No	4	F	Direct
Common Shares	Acquisiton	2021-04-15	3,866	$0.00	78,640	No	4	M	Direct
Common Shares	Disposition	2021-04-15	1,866	$48.78	76,774	No	4	F	Direct
Common Shares	Acquisiton	2021-04-15	3,976	$0.00	80,750	No	4	M	Direct
Common Shares	Disposition	2021-04-15	1,865	$48.78	78,885	No	4	F	Direct
Common Shares	Acquisiton	2021-04-15	34,688	$0.00	113,573	No	4	M	Direct
Common Shares	Disposition	2021-04-15	16,892	$48.78	96,681	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Restricted Stock Units	Disposition	2021-04-15	3,105	$0.00	3,105	$0.00
Common Shares	Restricted Stock Units	Disposition	2021-04-15	3,866	$0.00	3,866	$0.00
Common Shares	Restricted Stock Units	Disposition	2021-04-15	3,976	$0.00	3,976	$0.00
Common Shares	Restricted Stock Units	Disposition	2021-04-15	34,688	$0.00	34,688	$0.00
Common Shares	Restricted Stock Units	Acquisiton	2021-04-15	29,521	$0.00	29,521	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	M	Direct
15,465	No	4	M	Direct
31,810	No	4	M	Direct
0	No	4	M	Direct
29,521	No	4	A	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
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.
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.
This award fully vested on April 15, 2021.
The remaining RSUs vest quarterly on each of 07/15/2021, 10/15/2021, 01/15/2022 and 04/15/2022.
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.
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.
The Restricted Stock Units (RSUs) will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.