Shaw Allan 4
4 · VIVUS INC · Filed Oct 3, 2018
Insider Transaction Report
Form 4
VIVUS INCVVUS
Shaw Allan
Director
Transactions
- Exercise/Conversion
Common Stock
2018-10-01+139→ 6,432 total - Tax Payment
Common Stock
2018-10-01$5.63/sh−43$242→ 6,389 total
Footnotes (5)
- [F1]On 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.
- [F2]Restricted stock units converted into VIVUS, Inc. common stock on a 1-for-1 basis upon vesting.
- [F3]The 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).
- [F4]The 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.
- [F5]The price reported for the securities is the market value on the business day immediately before September 15, 2018.