SEC Form 4 · accession 0001123292-18-000823
VIVUS INC · VVUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allan Shaw
Director
Period of report
Jun 15, 2018
Accepted (ET)
Jun 19, 2018 · 4:21 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 | Jun 15, 2018 | M | 1,389 | — | A | 61,465 | D | |
| Common StockF2 | Jun 15, 2018 | F | 438 | $0.84 | D | 61,027 | 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 | — | Jun 15, 2018 | M | 1,389 | D | — | — | Common Stock | 1,389 | 5,556 | D |
| Non-Qualified Stock Option (right to buy)F4 | $0.84 | Jun 15, 2018 | A | 100,000 | A | Jun 15, 2018 | — | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Restricted stock units converted into VIVUS, Inc. common stock on a 1-for-1 basis upon vesting.
- F2The reporting person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than by way of forfeiture to VIVUS, Inc. in order to cover estimated tax liability.
- F3The restricted stock units vest according to the following schedule: 8/36ths of the total restricted stock units originally granted vested on May 15, 2016 and an additional 1/36th of the total restricted stock units originally granted vest on the 15th of each month thereafter, subject to the individual continuing to be a Service Provider (as defined in the VIVUS, Inc. 2010 Equity Incentive Plan) on the relevant vesting dates.
- F4The option expires on the earlier of (a) June 15, 2025 or (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).