SEC Form 4 · accession 0001209191-19-012321
Vivani Medical, Inc. · VANI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Will McGuire
Officer — Chief Executive Officer · Director
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 7:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001266806
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2019 | M | 11,875 | $0.00 | A | 117,850 | D | |
| Common StockF2 | Feb 20, 2019 | S | 4,724 | $0.7273 | D | 113,126 | D |
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)F3 | $0.7401 | Feb 19, 2019 | A | 354,000 | A | Mar 19, 2019 | Feb 19, 2029 | Common Stock | 354,000 | 354,000 | D |
| Restricted Stock Units(RSUs)F4 | $0.00 | Feb 19, 2019 | A | 177,000 | A | Feb 19, 2020 | — | Common Stock | 177,000 | 177,000 | D |
| Restricted Stock Units(RSUs)F5 | $0.00 | Feb 19, 2018 | M | 11,875 | D | Aug 17, 2016 | Aug 17, 2019 | Common Stock | 11,875 | 23,750 | D |
Explanation of responses
- F111,875 shares of common stock acquired upon partial vesting and release of common stock from restricted stock units (RSUs).
- F24,724 shares were sold to satisfy the tax withholding obligations on partial vesting and release of common stock from RSUs.
- F3The 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.
- F4The RSUs will vest over four years, in equal annual installments, subject to continuous employment.
- F5RSUs were granted on 8/17/2015 and vest over a 4 year term, with 25% of the total number of units vesting on the first anniversary of the grant date and thereafter vesting in 12 equal quarterly installments of 6.25% of the total number of units.