VIVUS INC 4
4 · VIVUS INC · Filed Jan 31, 2017
Insider Transaction Report
Form 4
VIVUS INCVVUS
Varghese Santosh T
VP, Medical & Reg Affairs
Transactions
- Sale
Common Stock
2017-01-28$1.11/sh−429$476→ 74,037 total - Award
Employee Stock Option (right to buy)
2017-01-27+385,000→ 385,000 totalExercise: $1.12Exp: 2024-01-27→ Common Stock (385,000 underlying)
Footnotes (2)
- [F1]Sold to pay the tax liability resulting from the vesting of 925 restricted stock units granted on January 28, 2014.
- [F2]Twenty-five percent (25%) of the total number of shares underlying the option will vest and become exercisable on January 27, 2018, and one forty-eighth (1/48th) of the total number of shares underlying the option will vest on the 27th of each month thereafter, subject to the reporting person continuing to be a Service Provider (as defined in the Issuer's 2010 Equity Incentive Plan) on the relevant vesting dates.