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MRVL » Topics » Option Exercises and Stock Vested in Fiscal 2009

This excerpt taken from the MRVL DEF 14A filed May 29, 2009.

Option Exercises and Stock Vested in Fiscal 2009

 

     Option Awards    Stock Awards

Name

    Number of
Shares
Acquired on
Exercise
(#)		    Value Realized
on Exercise
($)		    Number
of Shares
Acquired
on Vesting
(#)		     Value Realized
on Vesting
($)(1)

Dr. Sehat Sutardja

    —      —      —       —  

Clyde R. Hosein

    —      —      —       —  

Dr. Pantas Sutardja

    —      —      —       —  

George de Urioste(2)

    —      —      25,000 (3)   352,206

 

(1) The value realized equals the fair market value of our common shares on the vesting date, multiplied by the number of shares that vested.

 

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(2) Mr. de Urioste was appointed as Interim Chief Financial Officer effective as of January 23, 2008. In connection with our appointment of a permanent Chief Financial Officer, Mr. de Urioste was appointed to serve as Acting Chief Operating Officer effective as of June 23, 2008 and no longer served as our Interim Chief Financial Officer. Effective as of October 10, 2008, Mr. de Urioste’s service as our Acting Chief Operating Officer concluded.
(3) Of the amount shown, we withheld 7,447 shares to cover tax withholding obligations.

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