SEC Form 4 · accession 0001209191-16-138011
VivoSim Labs, INC. · VIVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Kessel
Director
Period of report
Aug 17, 2016
Accepted (ET)
Aug 19, 2016 · 6:25 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 | Aug 17, 2016 | A | 7,500 | $0.00 | A | 7,500 | D | |
| Common StockF3,F4 | Aug 17, 2016 | A | 7,500 | $0.00 | A | 15,000 | 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,F5 | $4.35 | Aug 17, 2016 | A | 18,500 | A | — | Aug 17, 2025 | Common Stock | 18,500 | 18,500 | D |
| Stock Option (Right to Buy)F3,F6 | $4.35 | Aug 17, 2016 | A | 18,500 | A | — | Aug 17, 2025 | Common Stock | 18,500 | 18,500 | D |
Explanation of responses
- F1Initial long-term equity award issued pursuant to the Issuer's non-employee director compensation plan.
- 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 12 equal quarterly installments measured from August 15, 2016.
- F3Annual long-term equity award issued pursuant to the Issuer's non-employee director compensation plan.
- F4The 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 in full on the earlier of (I) August 15, 2017 or (ii) immediately prior to the Issuer's next annual stockholder meeting.
- F5The option shares vest and become exercisable over 12 equal quarterly installments measured from August 15, 2016.
- F6The option shares vest and become exercisable in full on the earlier of (i) August 15, 2017 or (ii) immediately prior to the Issuer's next annual stockholder meeting.