SEC Form 4 · accession 0001123292-18-000997
VIVUS INC · VVUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allan Shaw
Director
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 6:42 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,F3 | Oct 1, 2018 | M | 139 | — | A | 6,432 | D | |
| Common StockF4,F5,F3 | Oct 1, 2018 | F | 43 | $5.63 | D | 6,389 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 10, 2018, VIVUS, Inc. effected a 1-for-10 reverse stock split (the "Reverse Split"). Accordingly, 1,389 shares of common stock on a pre-Reverse Split basis were adjusted to 139 shares following the Reverse Split (with fractional shares rounded up to the next whole number). The shares of common stock relate to the previously disclosed restricted stock units that vested on September 15, 2018 and released on October 1, 2018.
- F2Restricted stock units converted into VIVUS, Inc. common stock on a 1-for-1 basis upon vesting.
- F3The number of shares beneficially owned following the reported transaction has been adjusted to reflect the Reverse Split (with fractional shares rounded up to the next whole number).
- F4The 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.
- F5The price reported for the securities is the market value on the business day immediately before September 15, 2018.