SEC Form 4 · accession 0001209191-16-132649
VivoSim Labs, INC. · VIVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith Murphy
Officer — Chairman, CEO and President · Director
Period of report
Jul 11, 2016
Accepted (ET)
Jul 13, 2016 · 8:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001497253
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jul 11, 2016 | A | 208,000 | $0.00 | A | 6,127,638 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F4 | $3.99 | Jul 11, 2016 | A | 415,000 | A | — | Jul 11, 2026 | Common Stock | 415,000 | 415,000 | D |
Explanation of responses
- F1Annual long-term equity award approved by the Compensation Committee of the Issuer's Board of Directors.
- F2The shares represent a grant of Restricted Stock Units ("RSUs"). The RSUs represent a right to receive shares of the Issuer's common stock, at no additional conversion or exercise price. The RSUs vest and settle over 16 equal quarterly installments measured from May 15, 2016.
- F3This number does not include 1,831,454 shares of common stock underlying outstanding options and 30,000 shares of common stock underlying warrants held by Mr. Murphy; post-transaction Mr. Murphy beneficially owns or has a right to acquire 7,989,092 shares of common stock.
- F4The option shares vest and become exercisable over 16 equal quarterly installments measured from May 15, 2016.