Sec Form 4 Filing - HERVEY GEORGE @ MARVELL TECHNOLOGY GROUP LTD - 2006-12-27

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person HERVEY GEORGE 2. Issuer Name and Ticker or Trading Symbol MARVELL TECHNOLOGY GROUP LTD [ MRVL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) 5488 MARVELL LANE 3. Date of Earliest Transaction (MM/DD/YY) 12/27/2006 (Street) SANTA CLARA, CA95054 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(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 190,282 ( 10 ) D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Option (Right to Buy) $ 17.73 12/27/2006 D( 1 ) 24,212 ( 1 )( 10 ) 03/18/2015 Common Stock 24,212 ( 1 ) 0 D Employee Stock Option (Right to Buy) $ 10.91 12/27/2006 A( 1 ) 24,212 ( 1 )( 10 ) 03/18/2015 Common Stock 24,212 ( 1 ) 24,212 D Employee Stock Option (Right to Buy) $ 9.475 12/27/2006 D( 2 ) 280,000 ( 2 )( 10 ) 01/02/2014 Common Stock 280,000 ( 2 ) 0 D Employee Stock Option (Right to Buy) $ 9.81 12/27/2006 A( 2 ) 280,000 ( 2 )( 10 ) 01/02/2014 Common Stock 280,000 ( 2 ) 280,000 D Employee Stock Option (Right to Buy) $ 6.185 12/27/2006 D( 3 ) 200,000 ( 3 )( 10 ) 05/05/2013 Common Stock 200,000 ( 3 ) 0 D Employee Stock Option (Right to Buy) $ 8.995 12/27/2006 A( 3 ) 200,000 ( 3 )( 10 ) 05/05/2013 Common Stock 200,000 ( 3 ) 200,000 D Employee Stock Option (Right to Buy) $ 3.4675 12/27/2006 D( 4 ) 280,000 ( 4 )( 10 ) 10/16/2012 Common Stock 280,000 ( 4 ) 0 D Employee Stock Option (Right to Buy) $ 5.1275 12/27/2006 A( 4 ) 280,000 ( 4 )( 10 ) 10/16/2012 Common Stock 280,000 ( 4 ) 280,000 D Employee Stock Option (Right to Buy) $ 7.6725 12/27/2006 D( 5 ) 6,668 ( 5 )( 10 ) 02/28/2012 Common Stock 6,668 ( 5 ) 0 D Employee Stock Option (Right to Buy) $ 10.09 12/27/2006 A( 5 ) 6,668 ( 5 )( 10 ) 02/28/2012 Common Stock 6,668 ( 5 ) 6,668 D Employee Stock Option (Right to Buy) $ 2.5 ( 6 )( 10 ) 05/08/2010 Common Stock 38,000 38,000 D Employee Stock Option (Right to Buy) $ 11.2375 ( 7 )( 10 ) 04/16/2014 Common Stock 35,680 35,680 D Employee Stock Option (Right to Buy) $ 17.725 ( 8 )( 10 ) 04/11/2015 Common Stock 140,000 140,000 D Employee Stock Option (Right to Buy) $ 23.875 ( 9 )( 10 ) 06/07/2016 Common Stock 60,000 60,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other HERVEY GEORGE 5488 MARVELL LANE SANTA CLARA, CA95054 Chief Financial Officer Signatures /s/ George Hervey By: George Hervey 12/28/2006 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reported transactions result from an agreement with Marvell Technology Group Ltd. (the "Company") involving the reformation of an outstanding option, resulting, for Section 16 reporting purposes only, in the deemed cancellation of the old option and the grant of a replacement option. The reformation increased the exercise price of the option deemed, for section 16 reporting purposes, to have been cancelled and replaced. The other terms of the option, which was originally granted on March 18, 2005, remain unchanged. This option is fully vested and exercisable. ( 2 )The reported transactions result from an agreement with the Company involving the reformation of an outstanding option, resulting, for Section 16 reporting purposes only, in the deemed cancellation of the old option and the grant of a replacement option. The reformation increased the exercise price of the option deemed, for section 16 reporting purposes, to have been cancelled and replaced. The other terms of the option, which was originally granted on January 2, 2004, remain unchanged. This option provides for vesting as follows: of such 280,000 shares, vests 280,000 shares on 01/02/2008. Options become exercisable as they vest. ( 3 )The reported transactions result from an agreement with the Company involving the reformation of an outstanding option, resulting, for Section 16 reporting purposes only, in the deemed cancellation of the old option and the grant of a replacement option. The reformation increased the exercise price of the option deemed, for section 16 reporting purposes, to have been cancelled and replaced. The other terms of the option, which was originally granted on May 5, 2003, remain unchanged. This option is fully vested and exercisable. ( 4 )The reported transactions result from an agreement with the Company involving the reformation of an outstanding option, resulting, for Section 16 reporting purposes only, in the deemed cancellation of the old option and the grant of a replacement option. The reformation increased the exercise price of the option deemed, for section 16 reporting purposes, to have been cancelled and replaced. The other terms of the option, which was originally granted on October 16, 2002, remain unchanged. This option provides for vesting as follows:of such 280,000 shares, vests 280,000 shares on 10/16/2007. Options become exercisable as they vest. ( 5 )The reported transactions result from an agreement with the Company involving the reformation of an outstanding option, resulting, for Section 16 reporting purposes only, in the deemed cancellation of the old option and the grant of a replacement option. The reformation increased the exercise price of the option deemed, for section 16 reporting purposes, to have been cancelled and replaced. The other terms of the option, which was originally granted on February 28, 2002, remain unchanged. This option is fully vested and exercisable. ( 6 )This option is fully vested and exercisable. ( 7 )This option is fully vested and exercisable. ( 8 )Of such 140,000 shares, vests 140,000 shares on 04/11/2009; Options become exercisable as they vest. ( 9 )Of such 60,000 shares, vests 60,000 shares on 06/07/2010; Options become exercisable as they vest. ( 10 )On July 10, 2006, the common stock of MRVL split 2-for-1. All beneficially owned securities and derivative securities beneficially owned by the reporting person and the respective option prices have been adjusted accordingly.

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).

** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.