Jones Aranthan II 4
4 · Vanda Pharmaceuticals Inc. · Filed Mar 16, 2021
Insider Transaction Report
Form 4
Jones Aranthan II
Chief Corp. Affairs Officer
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2021-03-15−15,000→ 55,000 totalExercise: $11.32Exp: 2030-02-25→ Common Stock (15,000 underlying) - Sale
Common Stock
2021-03-15$17.72/sh−18,000$319,010→ 93,935 total - Exercise/Conversion
Common Stock
2021-03-15$11.32/sh+15,000$169,800→ 111,935 total
Footnotes (3)
- [F1]A portion of the shares were sold to satisfy the exercise price and tax obligations relating to the acquisition of the shares in connection with the stock option exercise.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.69 to $17.77, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.
- [F3]The option vested with respect to 25% of the underlying shares on February 26, 2021, with the balance vesting in equal monthly installments over the next 36 months of continuous service thereafter, provided the Reporting Person provides continuous service to the Issuer through the applicable vesting date