SEC Form 4 · accession 0001615774-18-004095
Vivani Medical, Inc. · VANI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen D Okland
Officer — Commercial V.P, North America
Period of report
May 16, 2018
Accepted (ET)
May 18, 2018 · 6:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001266806
Table I — non-derivative securities
No Table I lines on this filing.
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,F1 | $2.05 | May 16, 2018 | A | 50,000 | A | May 16, 2019 | May 16, 2028 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The shares subject to this option shall vest and become exercisable at a rate of 25% of the total number of shares on the one-year anniversary of May 16, 2018 (the "Vesting Commencement Date") and 6.25% of the total number of shares shall vest each quarterly anniversary of the Vesting Commencement Date thereafter, subject to continuous employment, such that the total number of shares shall be fully vested on the four-year anniversary of the Vesting Commencement Date.
- F2Not Applicable