Inphi (IPHI) director Mcwilliams returned to the company 37,631 shares

Insider transactions reported

Bruce M Mcwilliams (director at Inphi Corporation, IPHI) reported that they returned to the company 37,631 shares on Apr 20, 2021. After these transactions the filing shows 0 shares held directly.

Reporting person

Mcwilliams Bruce M

Holdings before and after

• Common Stock: 37,631 to 0 direct

Footnotes from the filing

1. 1. On April 20, 2021, pursuant to the Agreement and Plan of Merger and Reorganization, dated as of October 29, 2020 (the Merger Agreement ) by and among by and among Marvell Technology Group Ltd., a Bermuda exempted company ( Marvell ), Marvell Technology, Inc. (f/k/a Maui HoldCo, Inc.), a Delaware corporation and a wholly owned subsidiary of Marvell ( HoldCo ), Maui Acquisition Company Ltd, a Bermuda exempted company and a wholly owned subsidiary of HoldCo ( Bermuda Merger Sub ), Indigo Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of HoldCo ( Delaware Merger Sub ), and Inphi Corporation, a Delaware corporation ( Inphi ), Bermuda Merger Sub merged with and into Marvell with Marvell as the surviving corporation and a wholly owned subsidiary of Holdco (the Bermuda Merger ),
2. 2. (continued from footnote 1) and Delaware Merger Sub merged with and into Inphi with Inphi as the surviving corporation and a wholly owned subsidiary of Holdco (the Delaware Merger and, together with the Bermuda Merger, the Mergers ). At the effective time of the Mergers, the shares of Inphi Common Stock (the Inphi Common Stock ) were disposed pursuant to the Merger Agreement, whereby the outstanding Inphi Common Stock were automatically converted into the right to receive 2.323 shares of HoldCo Common Stock and $66.00 in cash, without interest (in addition to cash in lieu of fractional shares).
3. 3. Per the terms of the Merger Agreement, 1,478 RSUs that were outstanding and vested immediately prior to the effective time of the Mergers were cancelled in exchange for (subject to applicable withholding or other taxes), (i) an amount of cash equal to the product of (A) $66.00, multiplied by (B) the total number of shares of Inphi Common Stock subject to such RSU, and (ii) a number of shares of HoldCo Common Stock equal to the product of (A) 2.323, multiplied by (B) the total number of shares of Inphi Common Stock subject to such RSU.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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