SEC Form 4 · accession 0001437749-18-021222
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
Nov 20, 2018
Accepted (ET)
Nov 21, 2018 · 8:44 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 | Nov 20, 2018 | M | 11,875 | $0.00 | A | 107,673 | D | |
| Common StockF2 | Nov 21, 2018 | S | 3,920 | $1.16 | D | 103,753 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSUs)F3 | $0.00 | Nov 20, 2018 | M | 11,875 | D | Aug 17, 2016 | Aug 17, 2019 | Common Stock | 11,875 | 35,625 | D |
Explanation of responses
- F111,875 shares of common stock acquired upon partial vesting and release of common stock from restricted stock units (RSUs).
- F23,920 shares were sold to satisfy the tax withholding obligations on partial vesting and release of common stock from RSUs.
- F3RSUs 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.