SEC Form 4 · accession 0001437749-18-015779
Vivani Medical, Inc. · VANI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg Williams
Director · 10% Owner
Period of report
Aug 14, 2018
Accepted (ET)
Aug 16, 2018 · 5:43 pm EDT
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,F2 | Aug 14, 2018 | P | 5,680 | $1.561 | A | 26,725,519 | I | See footnote |
| Common StockF3 | Aug 14, 2018 | P | 3,225,807 | $1.55 | A | 29,951,326 | I | See footnote |
| Common StockF1,F4,F5 | Aug 15, 2018 | P | 15,875 | $1.53 | A | 29,967,201 | I | See footnote. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sam B Williams 95 GST Trust ("GST") acquired 2,840 shares of common stock on August 14, 2018 and 7,938 shares on August 15, 2018. The Gregg G. Williams 2006 Trust ("GW Trust") acquired 2,840 shares of common stock on August 14, 2018 and 7,937 shares on August 15, 2018. Purchases were made pursuant to 10b5-1 plan dated June 14, 2018. Mr. Williams is a trustee of both trusts.
- F2Represents the weighted average price for the shares. The shares were purchased at prices ranging from $1.52 per share to $1.58 per share. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price.
- F3Sam B Williams 95 GST Trust ("GST") acquired 1,612,903 shares of common stock and the Gregg G. Williams 2006 Trust ("GW") acquired 1,612,904 shares of common stock both in a private placement pursuant to a Securities Purchase Agreement ("SPA") on August 14, 2018 from the issuer at a purchase price of $1.55 per share, the last reported sale price by Nasdaq on August 14, 2018. Mr. Williams is a trustee of GST and GW.
- F4Represents the weighted average price for the shares. The shares were purchased at prices ranging from $1.51 per share to $1.57 per share. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares purchased at each separate price.
- F5After giving effect to the transactions reported on this Form 4, shares beneficially owned by Mr. Williams include (i) 17,340,965 shares of common stock and warrants to purchase 6,802,721 shares of common stock owned by GW Trust, (ii) 1,484,254 shares of common stock owned by Williams International Co. LLC, whose manager is Mr. Williams, (iii) 4,358,082 shares of common stock owned by Sam Williams Family Investments LLC, whose manager is Mr. Williams, and (iv) 6,783,900 shares of common stock owned by GST.