SEC Form 4 · accession 0001615774-16-006930
Vivani Medical, Inc. · VANI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Will McGuire
Officer — Chief Executive Officer
Period of report
Aug 19, 2016
Accepted (ET)
Aug 22, 2016 · 8:45 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 | Aug 18, 2016 | M | 47,500 | $3.76 | A | 51,060 | D | |
| Common StockF2 | Aug 19, 2016 | D | 18,640 | $3.6314 | D | 32,420 | 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 Unit (RSU)F5,F4,F3 | — | Aug 19, 2016 | M | 47,500 | D | Aug 17, 2016 | Aug 17, 2019 | Common Stock | 190,000 | 142,500 | D |
| Non-Qualified Stock Option (right to buy)F3 | $4.10 | holding | — | — | — | Jan 21, 2017 | Jan 21, 2026 | Common Stock | 21,290 | 21,290 | D |
| Non-Qualified Stock Option (right to buy)F3 | $12.43 | holding | — | — | — | Aug 17, 2016 | Aug 17, 2025 | Common Stock | 420,000 | 420,000 | D |
Explanation of responses
- F1Includes 3,560 shares acquired as part of ESPP plan purchase on 5/31/2016.
- F218,640 shares were sold to satisfy the tax withholding requirements on vesting of RSU.
- F3Options and RSUs will vest over a 4 year term, with 25% vesting on the date exercisable as set forth in this Form 4 and thereafter vesting in 12 equal quarterly installments of 6.25%.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock of the Company.
- F5Not Applicable.