SEC Form 4 · accession 0001123292-16-002784
VIVUS INC · VVUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Seth H. Z. Fischer
Officer — Chief Executive Officer · Director
Period of report
Sep 26, 2016
Accepted (ET)
Sep 28, 2016 · 6:25 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,F2 | Sep 26, 2016 | A | 300,000 | $0.00 | A | 486,080 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of VIVUS, Inc. common stock.
- F2The restricted stock units vest according to the following schedule: 50% of the total restricted stock units vest on January 22, 2017 with an additional 12.5% of the total restricted stock units vesting on each of April 22, 2017, July 22, 2017, October 22, 2017 and January 22, 2018, subject to such individual continuing to be a Service Provider (as defined in the VIVUS, Inc. 2010 Equity Incentive Plan) on the relevant vesting dates.