4//SEC Filing
Varghese Santosh T 4
Accession 0001123292-20-000196
CIK 0000881524other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 5:23 PM ET
Size
6.3 KB
Accession
0001123292-20-000196
Insider Transaction Report
Form 4
VIVUS INCVVUS
Varghese Santosh T
VP, Medical & Reg Affairs
Transactions
- Award
Employee Stock Option (right to buy)
2020-01-29+32,000→ 32,000 totalExercise: $2.21→ Common Stock (32,000 underlying)
Footnotes (2)
- [F1](i) One-half of the total number of shares subject to the stock option will vest and become exercisable over four years, such that one-fourth of such shares will vest and become exercisable on January 29, 2021 and an additional one forty-eighth of such shares will vest and become exercisable monthly thereafter over a period of three years following the first anniversary of the date of grant, 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; and (ii) one-half of the total number of shares subject to the stock option will vest and become exercisable upon the achievement of both: (a) satisfaction of a performance target involving the Issuer's enterprise value and (b) the passage of at least two years from the date of grant, subject to the reporting person continuing to be a Service Provider upon the achievement of the later of (a) and (b).
- [F2]The option expires on the earlier of (a) January 29, 2027 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).
Documents
Issuer
VIVUS INC
CIK 0000881524
Entity typeother
Related Parties
1- filerCIK 0001640688
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 5:23 PM ET
- Size
- 6.3 KB