SEC Form 4 · accession 0001123292-18-000539
VIVUS INC · VVUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allan Shaw
Director · Other
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 5:47 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1,F2 | $0.49 | Mar 9, 2018 | A | 300,000 | A | — | — | Common Stock | 300,000 | 300,000 | D |
Explanation of responses
- F150,000 shares subject to the option shall be vested and exercisable on the date of grant; 50,000 shares subject to the option shall vest and become exercisable on June 30, 2018; 100,000 shares subject to the option shall vest and become exercisable on December 31, 2018; and 100,000 shares subject to the option shall vest and become exercisable on June 30, 2019, subject to the reporting person continuing to provide services on the relevant vesting dates pursuant to that certain Consulting Agreement, effective February 1, 2018, between the Issuer and the reporting person.
- F2The option expires on the earlier of (a) March 9, 2025 and (b) the six month anniversary of the date the reporting person ceases to be a Service Provider (as defined in the Issuer's 2010 Equity Incentive Plan).