SEC Form 4 · accession 0001615774-17-000052
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
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 8:10 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 | holding | — | — | — | 45,691 | 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)F2,F5,F3 | $1.97 | Jan 3, 2017 | A | 571,330 | A | Jan 3, 2018 | Jan 3, 2027 | Common Stock | 571,330 | 571,330 | 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 |
| RSUF4,F3 | — | holding | — | — | — | Aug 17, 2016 | Aug 17, 2019 | Common Stock | 190,000 | 130,625 | D |
Explanation of responses
- F15,966 shares were acquired on 12/1/2016 as part of scheduled ESPP purchases, plus 39,725 previously owned shares.
- F2Options to purchase 571,330 shares of the Company's common stock were granted to Mr. McGuire under the Company's 2011 Equity Incentive Plan.
- F3Options and RSU vest over a four year term of which one-fourth vests on the Date Exercisable, with the remaining options vesting quarterly over three years thereafter.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock of the company.
- F5Not Applicable.