VIVUS INC 4
4 · VIVUS INC · Filed Jan 27, 2015
Insider Transaction Report
Form 4
VIVUS INCVVUS
Day Wesley
VP, Clinical Research
Transactions
- Award
Common Stock
2015-01-23+24,500→ 57,471 total - Award
Employee Stock Option (right to buy)
2015-01-23+232,900→ 232,900 totalExercise: $2.74Exp: 2022-01-23→ Common Stock (232,900 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of VIVUS, Inc. common stock.
- [F2]The restricted stock unit award (the "RSU Award") will vest pursuant to the following four (4) year schedule commencing on January 1, 2015: one fourth (1/4th) of the RSU Award will vest on January 1, 2016, and an additional one sixteenth (1/16th) of the RSU Award will vest at the end of each calendar quarter thereafter (i.e., March 31st, June 30th, September 30th and December 31st), subject to such individual continuing to be a Service Provider (as defined in the Issuer's 2010 Equity Incentive Plan) on the relevant vesting dates.
- [F3]Twenty-five percent (25%) of the total number of shares underlying the options will vest on January 23, 2016, and one forty-eighth (1/48th) of the total number of shares underlying the options will vest on the 23rd of each month thereafter, subject to such individual continuing to be a Service Provider (as defined in the Issuer's 2010 Equity Incentive Plan) on the relevant vesting dates.