4//SEC Filing
Oehrlein M. Scott 4
Accession 0001123292-18-000679
CIK 0000881524other
Filed
May 1, 8:00 PM ET
Accepted
May 2, 7:52 PM ET
Size
8.6 KB
Accession
0001123292-18-000679
Insider Transaction Report
Form 4
VIVUS INCVVUS
Oehrlein M. Scott
Chief Operations Officer
Transactions
- Award
Employee Stock Option (right to buy)
2018-04-30+200,000→ 200,000 totalExercise: $0.37→ Common Stock (200,000 underlying) - Award
Employee Stock Option (right to buy)
2018-04-30+620,000→ 620,000 totalExercise: $0.37→ Common Stock (620,000 underlying)
Footnotes (4)
- [F1]Awarded as an inducement grant of stock options pursuant to reporting person's offer letter dated April 30, 2018. One fourth (1/4th) of the total number of shares underlying the option vest on April 30, 2019, and one forty-eighth (1/48th) of the total number of shares underlying the option vest on a monthly basis thereafter, subject to the reporting person continuing to be a Service Provider (as defined in the Issuer's 2018 Inducement Equity Incentive Plan) on the relevant vesting dates.
- [F2]The option expires on the earlier of (a) April 30, 2025 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 Inducement Equity Incentive Plan).
- [F3]The total number of shares underlying the option will vest subject to satisfaction of a performance target involving the Issuer's market capitalization on or prior to April 30, 2021 and the reporting person continuing to be a Service Provider (as defined in the Issuer's 2010 Equity Incentive Plan) upon satisfaction of such target.
- [F4]The option expires on the earlier of (a) April 30, 2025 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 2010 Equity Incentive Plan).
Documents
Issuer
VIVUS INC
CIK 0000881524
Entity typeother
Related Parties
1- filerCIK 0001738174
Filing Metadata
- Form type
- 4
- Filed
- May 1, 8:00 PM ET
- Accepted
- May 2, 7:52 PM ET
- Size
- 8.6 KB