MRVL » Topics » Option Exercises and Stock Vested in Fiscal 2008

This excerpt taken from the MRVL DEF 14A filed Jun 2, 2008.

Option Exercises and Stock Vested in Fiscal 2008

 
  Option Awards
  Stock Awards
 
Name

  Number of
Shares Acquired
on Exercise(#)

  Value
Realized on
Exercise($)(1)

  Number of
Shares Acquired
on Vesting(#)

  Value
Realized on
Vesting($)

 
Dr. Sehat Sutardja          
Weili Dai(2)   1,475,001   10,094,883 (3)    
Dr. Pantas Sutardja          
Michael Hervey          
Michael Tate(4)   60,648   751,394 (5)    
George de Urioste          
Michael Rashkin(6)       6,992   83,965 (7)

(1)
The value realized equals the number of options exercised multiplied by the market closing price of our shares on the day of exercise minus the number of options exercised multiplied by the option exercise price.

(2)
Ms. Dai resigned as Executive Vice President and Chief Operating Officer and from our board of directors on May 6, 2007 and transitioned into a position as Director of Strategic Marketing and Business Development of MSI. On May 31, 2008, Ms. Dai was appointed as Vice President of Sales for Communications and Consumer Business of MSI.

(3)
Options were exercised on August 10, 2007 and the closing market price of our shares on the date of exercise was $17.56 as reported on the Nasdaq Global Select Market.

(4)
Mr. Tate resigned as Vice President, Corporate Controller, Corporate Treasurer and interim Chief Financial Officer effective as of July 13, 2007.

(5)
Options were exercised on July 19, 2007 and the closing market price of our shares on that date was $19.51 as reported on the Nasdaq Global Select Market.

(6)
Mr. Rashkin resigned as interim Chief Financial Officer effective as of January 23, 2008.

(7)
5,667 shares vested on January 4, 2008 and the closing market price of our shares on the vesting date was $12.31 as reported on the Nasdaq Global Select Market. 1,325 shares vested on January 15, 2008 and the closing market price of our shares on the vesting date was $10.72 as reported on the Nasdaq Global Select Market. Value realized on vesting was calculated by multiplying the market closing price of our shares on the vesting date with the number of shares acquired upon vesting.
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