SEC Form 4 · accession 0001123292-18-000244
VIVUS INC · VVUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Braxton King
Officer — Interim Chief Executive Office · Director
Period of report
Jan 26, 2018
Accepted (ET)
Jan 30, 2018 · 6:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000881524
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $0.46 | Jan 26, 2018 | A | 600,000 | A | — | — | Common Stock | 600,000 | 600,000 | D |
Explanation of responses
- F1One thirty-sixth (1/36) of the total number of shares underlying the option vest on the last day of each month, beginning January 31, 2018, subject to the reporting person continuing to be a Service Provider (as defined in the Issuer's 2010 Equity Incentive Plan) on the relevant vesting dates.
- F2The option expires on the earlier of (a) January 26, 2025 or (b) the twelve (12) month anniversary of the date the reporting person ceases to be a Service Provider (as defined in the Issuer's 2010 Equity Incentive Plan).
Remarks
Exhibit 24 - Power of Attorney