Marvell Technology Group Ltd. Form 4 Kuo Wei Chang
 

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(h) of the Investment Company Act of 1940

o Check this box if no longer
subject to Section 16.
Form 4 or Form 5
obligations may continue.
See Instruction 1(b).
1. Name and Address of Reporting
Person*		 2. Issuer Name and Ticker or Trading
Symbol		 3. I.R.S. Identification Number of Reporting
Person, if an entity (Voluntary)
  Chang Kuo Wei (Herbert)
(Last) (First) (Middle)		   Marvell Technology Group Ltd. (MRVL)
  
     
  700 First Avenue
(Street)		 4. Statement for Month/Day/Year 5. If Amendment, Date of Original (Month/Day/Year)
    March 27, 2003
  
     
    6. Relationship of Reporting Person(s)
to Issuer (Check All Applicable)		 7. Individual or Joint/Group Filing
(Check Applicable Line)
  Sunnyvale CA 94089
(City)        (State)        (Zip)		   x  Director o  10% Owner   x Form Filed by One Reporting Person
    o  Officer (give title below)   o Form Filed by More than One Reporting Person
    o  Other (specify below)  
     
     
Reminder:   Report on a separate line for each class of securities beneficially owned directly or indirectly.
 
*   If the form is filed by more than one reporting person, see instruction 4(b)(v).

 

                                               
Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security
(Instr. 3)		 2. Transaction
Date
(Month/Day/Year)		 2A. Deemed Execution
Date, if any
(Month/Day/Year)		 3. Transaction
Code
(Instr. 8)		 4. Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Sec-
urities Beneficially
Owned Following
Reported Trans-
action(s)
(Instr. 3 and 4)		 6. Ownership
Form:
Direct (D) or
Indirect (I)
(Instr. 4)		 7. Nature of
Indirect
Beneficial
Ownership
(Instr. 4)
              Code V   Amount (A)
or
(D)		 Price          
  Common Stock, par value $0.002 per share   03/27/03     S     5,000   D   21.4         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     3,100   D   22.0         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     1,900   D   22.0         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     1,500   D   21.5         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     5,000   D   21.7         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     3,100   D   21.6         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     1,900   D   21.6         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     2,850   D   22.4         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     2,000   D   21.9         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     5,000   D   21.2         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     5,000   D   21.3         I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     8,500   D   21.5           I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share   03/27/03     S     5,850   D   21.9     534,000     I   By Investar Burgeon Venture Capital, Inc.
  Common Stock, par value $0.002 per share                     3,096,488     I   Investar Semiconductor Development Fund, Inc.
  Common Stock, par value $0.002 per share                   210,000     I   Investar Dayspring Venture Capital, Inc.
  Common Stock, par value $0.002 per share                   50,796     I   Investar Capital, Inc.
  Common Stock, par value $0.002 per share                   50,000     I   Investar Excelsus Venture Capital (Int’l), Inc.
  Common Stock, par value $0.002 per share                   184,616     I   Forefront Venture Partners, L.P.
  Common Stock, par value $0.002 per share                   181,000     D  

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Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned
  (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative
Security
(Instr. 3)		 2. Conversion or Exercise
Price of Derivative
Security		 3. Transaction
Date
(Month/Day/Year)		 3A.  Deemed Execution
Date, if any
(Month/Day/Year)		 4. Transaction
Code
(Instr. 8)		 5. Number of Derivative Securities
Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
                      Code V   (A) (D)
  Stock Option (Right to Buy)     $15.00          
  Stock Option (Right to Buy)     $20.58          
  Stock Option (Right to Buy)     $21.59          
               
               
               
               
               
               
               

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Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned — Continued
(e.g., puts, calls, warrants, options, convertible securities)
6. Date Exercisable and
Expiration Date
(Month/Day/Year)		 7. Title and Amount
of Underlying Securities
(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)
  Date
Exercisable		 Expiration
Date		   Title Amount or
Number of
Shares		                        
  (1) 06/26/10   Common Stock 30,000           30,000     D  
  (2) 06/26/11   Common Stock 6,000           6,000     D  
  (3) 06/21/12   Common Stock 6,000           6,000     D  
                   
                   
                   
                   
                   
                   
                   

Explanation of Responses:

(1) - Of such 30,000 shares, not all shares are fully vested, and until fully vested, if exercised, would be subject to repurchase by the Company in the event of termination of the reporting person's services as a non-employee director of the Company. Vests 20% on 06/26/01 and 500 shares per month from 07/26/01 through 06/25/05. Reflects non-discretionary grants under 1997 Directors Plan.

(2) - Of such 6,000 shares, not all shares are fully vested, and until fully vested, if exercised, would be subject to repurchase by the Company in the event of termination of the reporting person's services as a non-employee director of the Company. Vests 500 shares per month from 07/21/05 through 06/21/06. Reflects non-discretionary grants under 1997 Directors Plan.

(3) - Of such 6,000 shares, not all shares are fully vested, and until fully vested, if exercised, would be subject to repurchase by the Company in the event of termination of the reporting person's services as a non-employee director of the Company. Vests 500 shares per month from 07/21/06 through 06/21/07. Reflects non-discretionary grants under 1997 Directors Plan.

/s/ Kuo Wei (Herbert) Chang   March 31, 2003
**Signature of Reporting Person		  
Date

**   Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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