Vanda Pharmaceuticals Inc. 4
4 · Vanda Pharmaceuticals Inc. · Filed Apr 21, 2015
Insider Transaction Report
Form 4
Gibbs Thomas Edward
SVP, Chief Commercial Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2015-04-20+175,000→ 175,000 totalExercise: $10.05Exp: 2025-04-19→ Common Stock (175,000 underlying) - Award
Restricted Stock Units
2015-04-20+60,000→ 60,000 total→ Common Stock (60,000 underlying)
Footnotes (4)
- [F1]This option vests and becomes exercisable with respect to 1/4 of the shares subject to this option on April 20, 2016 (the "Initial Vesting Date"), provided Reporting Person remains continously employed by the Issuer through the Initial Vesting Date, and with respect to the remaining 3/4 of the shares in 36 equal monthly installments beginning on May 20, 2016, provided Reporting Person remains continously employed by the Issuer through each monthly vesting date.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive a share of the Issuer's common stock.
- [F3]The RSUs shall vest in four (4) equal annual installments beginning January 1, 2016, provided Reporting Person remains continuously employed by the Issuer through each annual vesting date. Vested shares will be delivered on the First Permissable Trading Day (as defined in the RSU Agreement) that occurs on or after the day when the RSUs vest.
- [F4]Not applicable.