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4//SEC Filing

BARRETT DAVID JONATHAN 4

Accession 0001144204-13-020870

CIK 0001426800other
View on SEC.govCompany Profile

Filed

Apr 8, 8:00 PM ET

Accepted

Apr 9, 4:47 PM ET

Size

11.1 KB

Accession

0001144204-13-020870

Insider Transaction Report

Form 4
Period: 2013-04-05
VENTRUS BIOSCIENCES INCVTUS
BARRETT DAVID JONATHAN
Chief Financial Officer
Transactions
  • Award

    Restricted Stock Units

    2013-04-05+200,000→ 150,000 total
    Exp: 2016-06-30→ Common Stock (200,000 underlying)
  • Award

    Phantom Stock

    2013-04-05+50,000→ 50,000 total
    → Common Stock (50,000 underlying)
Holdings

  • Stock Options (right to buy)

    Exercise: $8.10Exp: 2020-12-22→ Common Stock (40,000 underlying)
    40,000

  • Stock Options (right to buy)

    Exercise: $6.00Exp: 2020-12-22→ Common Stock (305,920 underlying)
    305,920
Footnotes (7)
  • [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
  • [F2]The restricted stock units vest in four equal amounts (25% each) as follows: 25% on the date of grant and 25% when the 20 trading day volume weighted average price of the Issuer's common stock equals or exceeds $4.15, $5.15 and $6.15. The unvested restricted stock units expire on June 30, 2016 if a vesting threshold has not been met by that date.
  • [F3]Upon the immediate vesting on April 5, 2013 of 50,000 restricted stock units granted to the reporting person on April 5, 2013, the reporting person elected to defer the receipt of those 50,000 shares of common stock, resulting in the accrual to his phantom stock account of 50,000 shares of phantom stock.
  • [F4]Each share of phantom stock represents the right to receive one share of the Issuer's common stock.
  • [F5]The phantom stock becomes payable on the earliest to occur of (a) termination of employment, (b) a change in control of the Issuer, or (c) April 1, 2015.
  • [F6]The options vested 1/3 on 1/15/2013, and the remaining 2/3 will vest in equal installments on the first and second anniversaries after 1/15/2013.
  • [F7]The options vested 1/3 on 12/22/2010, and the remaining 2/3 will vest in equal installments on the first and second anniversaries of 12/22/2010.

Documents

1 file

Issuer

VENTRUS BIOSCIENCES INC

CIK 0001426800

→
Entity typeother

Related Parties

1
  • filerCIK 0001359072

Filing Metadata

Form type
4
Filed
Apr 8, 8:00 PM ET
Accepted
Apr 9, 4:47 PM ET
Size
11.1 KB
View on SEC.gov