GESUNDHEIT NEIL 4
4 · VIVUS INC · Filed Jan 14, 2005
Insider Transaction Report
Form 4
VIVUS INCVVUS
GESUNDHEIT NEIL
VP, Chief Medical Officer
Transactions
- Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2005-01-13−8,665→ 0 totalExercise: $2.94Exp: 2005-01-17→ Common Stock (8,665 underlying) - Exercise/Conversion
Common Stock
2005-01-13$2.94/sh+8,665$25,453→ 127,653 total
Footnotes (2)
- [F1]There is no sale price. This is an exercise of stock options (buy & hold).
- [F2]On October 19, 1998, VIVUS, Inc. repriced certain of its outstanding options to purchase its Common Stock. The reported transaction reports the grant of the repriced option (the "Repriced Option") upon cancellation of the original option (the "Original Option"). Twenty-five percent (25%) of the shares subject to the Original Option become exercisable on the first anniversary of the date of grant and one forty-eighth (1/48th) of such shares became exercisable each month thereafter. The Repriced Option is subject to the same vesting schedule as the Original Option; provided, however, the Repriced Option cannot be exercised in the first six months following the date of repricing.