SEC Form 4 · accession 0001209191-19-012297
Vivani Medical, Inc. · VANI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John T Blake
Officer — Chief Financial Officer
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 7:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001266806
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option(right to buy)F1 | $0.7401 | Feb 19, 2019 | A | 163,000 | A | Mar 19, 2019 | Feb 19, 2029 | Common Stock | 163,000 | 163,000 | D |
| Restricted Stock Units(RSUs)F2 | $0.00 | Feb 19, 2019 | A | 82,000 | A | Feb 19, 2020 | — | Common Stock | 82,000 | 82,000 | D |
Explanation of responses
- F1The stock options have a 10-year term and vest over four years from the grant date in equal monthly installments, subject to continuous employment, such that the total number shall be fully vested on the four-year anniversary of the transaction date.
- F2The RSUs will vest over four years, in equal annual installments, subject to continuous employment.