Statement of Changes in Beneficial Ownership (4)
January 04 2022 - 3:55PM
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
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
YOUSEFI NARIMAN |
2. Issuer Name and Ticker or Trading Symbol
Marvell Technology, Inc.
[
MRVL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, Auto Coherent DSP&Switch |
(Last)
(First)
(Middle)
5488 MARVELL LANE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/31/2021 |
(Street)
SANTA CLARA, CA 95054
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/31/2021 | | M | | 133647 | A | $0.00 | 327987 | D | |
Common Stock | 12/31/2021 | | F(1) | | 66262 | D | $87.49 | 261725 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 7. 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (2) | 12/31/2021 | | M | | | 133647 | (3) | (3) | Common Stock | 133647 | $0.00 | 0 | 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 RSU represents a contingent right to receive one Marvell Technology, Inc. ("Marvell") common share upon vesting. |
(3) | This award fully vested on 12/31/2021. Reflects the number of shares earned in respect of performance based restricted stock. This award was assumed by Marvell on 04/20/2021 as part of the acquisition of Inphi Corporation. The achievement levels of the performance metrics applicable to the award and the number of shares earned based on such results were attained effective 12/31/2021. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
YOUSEFI NARIMAN 5488 MARVELL LANE SANTA CLARA, CA 95054 |
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| EVP, Auto Coherent DSP&Switch |
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Signatures
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Nariman Yousefi by Blair Walters as Attorney-in-Fact | | 1/4/2022 |
**Signature of Reporting Person | Date |
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