SEC Form 4 · accession 0001209191-17-009742
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
Feb 8, 2017
Accepted (ET)
Feb 10, 2017 · 6:39 pm EST
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 | Feb 8, 2017 | M | 30,000 | $1.00 | A | 6,068,915 | I | IRA |
| Common StockF3,F4 | Feb 9, 2017 | S | 25,000 | $3.6814 | D | 6,043,915 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF5 | $1.00 | Feb 8, 2017 | M | 30,000 | D | Feb 8, 2012 | Feb 8, 2017 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1The Warrants are held by the Equity Trust Co. Custodian FBO Keith Murphy IRA.
- F2The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3This transaction was executed in multiple sales through a sale order executed by a broker-dealer at prices ranging from $3.63 to $3.74. The price reported in this column reflects the weighted average sale price. The Reporting Person will provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F4This number does not include 1,831,454 shares of common stock underlying outstanding options held by Mr. Murphy; post-transaction Mr. Murphy continues to beneficially own or have a right to acquire 7,875,369 shares of common stock.
- F5The Reporting Person exercised warrants to purchase 30,000 shares of the Issuer's common stock for $1.00 a share. The warrant would have expired by its terms if not exercised by the Reporting Person on February 8, 2017.