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OMB APPROVAL
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FORM 3 OMB Number 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response.....0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Date of Event
Requiring
Marvell Technology Statement
Group Ltd. (Month/Day/Year)
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(Last) (First) (Middle) 10/16/00
c/o Marvell Semiconductor, Inc. -------------------------
645 Almanor Ave. 3. I.R.S.
------------------------------------------------------- Indemnification
(Street) Number of Reporting
Person, if an entity
(voluntary)
Sunnyvale, CA 94086 77-0481679
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(City) (State) (Zip)
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4. Issuer Name and Ticker or Trading Symbol
Galileo Technology Ltd. (GALT)
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5. Relationship of Reporting 6. If Amendment, Date of
Person(s) to Issuer Original (Month/Day/Year)
(Check all applicable)
___ Director _X_ 10% Owner -----------------------------
___ Officer (give ___ Other (specify below) 7. Individual or Joint/Group
title Filing (Check Applicable
below) 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 Beneficially Owned
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1. Title of Security 2. Amount of Securities
(Instr. 4) Beneficially Owned
(Instr. 4)
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3. Ownership 4. Nature of Indirect
Form: Direct Beneficial Ownership
(D) or Indirect (Instr. 5)
(I) (Instr. 5)
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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
5(b)(v).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF
INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND
UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
Page 1 of 3
(Over)
SEC 1473 (3-99)
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FORM 3 (CONTINUED)
TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities Underlying
(Instr. 4) cisable and Derivative Security
Expiration (Instr. 4)
Date
(Month/Day/Year)
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Date Expira- Amount
Exer- tion Title of
cisable Date Number
of
Shares
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Option to purchase (1) (2) Ordinary Shares 5,371,720(3)
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4. Conversion or Exercise 5. Ownership Form of Derivative 6. Nature of Indirect
Price of Derivative Security: Beneficial Ownership
Security Direct (D) or Indirect (I) (Instr. 5)
(Instr. 5)
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$55.10(4) D
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Explanation of Responses:
See Page 3.
/s/ Weili Dai 10/24/00
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Executive Vice President Date
** Signature of Reporting Person
** 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 provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection
of information contained in this form are not required
to respond unless the form displays a currently valid OMB Number. Page 2 of 3
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Attachment to Form 3 of Marvell Technology Group Ltd. ("Marvell")
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Date of Event Requiring Statement: October 16, 2000
Issuer Name and Ticker or Trading Symbol: Galileo Technology Ltd. (GALT)
Explanation of Responses:
On October 16, 2000, Marvell, Galileo Technology Ltd, and Toshack
Acquisitions Ltd., an Israeli corporation and wholly-owned subsidiary
of Marvell ("Acquisition"), entered into a Merger Agreement (the
"Merger Agreement"), pursuant to which Acquisition will be merged into
Galileo (upon satisfaction or waiver of certain conditions) and
Galileo will be the surviving corporation (the "Merger"). Concurrently
with the execution and delivery of the Merger Agreement, Galileo and
Marvell entered into an option agreement pursuant to which Marvell was
granted the option reported hereunder (the "Option").
(1) The Option becomes exercisable by Marvell on or after the occurrence
of certain triggering events defined in the option agreement and the
Merger Agreement.
(2) The Option will expire upon the earlier of (x) the Effective Time (as
defined in the Merger Agreement), (y) the termination of the Merger
Agreement in accordance with its terms, other than as a result of
the occurrence of the specified triggering events and (z) the day
that is the six-month anniversary of the date on which the Merger
Agreement is terminated in accordance with its terms as a result of
the occurrence of specified triggering events.
(3) Or such other number of shares of Galileo as equals 12.5% of the
outstanding shares of Galileo immediately prior to the time of
exercise. Galileo is entitled to re-purchase from Marvell any number
of shares up to this amount under certain conditions specified in the
option agreement.
(4) Subject to adjustment in accordance with the terms of the option
agreement.
The Merger Agreement and the option agreement were filed by Marvell pursuant to
Rule 425 of the Securities Act of 1933, as amended, on October 20, 2000.
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