SEC Form 4 · accession 0001123292-16-002369
VIVUS INC · VVUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jorge Plutzky M.D.
Director
Period of report
May 30, 2016
Accepted (ET)
Jun 1, 2016 · 4:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000881524
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 30, 2016 | M | 21,875 | — | A | 41,875 | D | |
| Common Stock | May 30, 2016 | D | 6,584 | $1.23 | D | 35,291 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | May 30, 2016 | M | 21,875 | D | — | — | Common Stock | 21,875 | 15,625 | D |
Explanation of responses
- F1Restricted stock units converted into VIVUS, Inc. common stock on a 1-for-1 basis.
- F2The reporting person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover extimated tax liability.
- F3The restricted stock units vest according to the following schedule: 7/12ths of the total restricted stock units originally granted vested on May 30, 2016, and an additional 1/12th of the total restricted stock units originally granted vest on the last day of each calendar month thereafter, subject to the individual continuing to be a Service Provider (as defined in the 2010 Equity Incentive Plan) on the relevant vesting dates.