SEC Form 4 · accession 0001123292-19-000196
VIVUS INC · VVUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Suh
Officer — President
Period of report
Jan 23, 2019
Accepted (ET)
Jan 25, 2019 · 7:56 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 | $4.05 | Jan 23, 2019 | A | 85,000 | A | — | — | Common Stock | 85,000 | 85,000 | D |
Explanation of responses
- F112,560 of the total number of shares underlying the option vest on January 23, 2020, and 1,040 of the total number of shares underlying the option vest on the last day of each month thereafter for thirty-six months and 35,000 of the total number of shares underlying the option vest upon the Issuer's acquisition of a new commercial enterprise on or before January 23, 2022, subject to the reporting person continuing to be a Service Provider (as defined in the Issuer's 2018 Equity Incentive Plan) on the relevant vesting dates.
- F2The option expires on the earlier of (a) January 23, 2026 and (b) the twelve (12) month anniversary of the date the reporting person ceases to be a Service Provider (as defined in the Issuer's 2018 Equity Incentive Plan).