4//SEC Filing
DUNN JOHN MICHAEL 4
Accession 0001280776-19-000015
CIK 0001280776other
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 9:48 PM ET
Size
16.8 KB
Accession
0001280776-19-000015
Insider Transaction Report
Form 4
DUNN JOHN MICHAEL
General Counsel
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2019-01-11−45,000→ 0 totalExercise: $8.28Exp: 2026-05-12→ Common Stock (45,000 underlying) - Award
Restricted Stock Units
2019-01-11+724,848→ 724,848 total→ Common Stock (724,848 underlying) - Disposition to Issuer
Stock Option (right to buy)
2019-01-11−50,000→ 0 totalExercise: $19.03Exp: 2024-11-16→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2019-01-11−45,000→ 0 totalExercise: $3.20Exp: 2027-06-09→ Common Stock (45,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2019-01-11−45,000→ 0 totalExercise: $5.00Exp: 2028-06-08→ Common Stock (45,000 underlying)
Footnotes (7)
- [F1]Subject to the reporting person continuing to be a Service Provider (as defined in the 2014 Equity Incentive Plan (the "Plan")), one forty-eighth (1/48th) of the shares subject to the option vested and became exercisable one month after the vesting commencement date of November 17, 2014, and an additional one forty-eighth (1/48th) of the shares vest and become exercisable at the end of each monthly period thereafter. One hundred percent (100%) of the unvested portion of the option, if any, shall vest in the event of a termination without cause following a Change in Control (as defined in the Plan).
- [F2]The option was cancelled by mutual agreement of the reporting person and Vital Therapies, Inc. The reporting person received a restricted stock unit award as reported in this Form 4 as consideration for this cancellation.
- [F3]Subject to the reporting person continuing to be a Service Provider (as defined in the 2014 Equity Incentive Plan (the "Plan")), one forty-eighth (1/48th) of the shares subject to the option vested and became exercisable one month after the vesting commencement date of April 16, 2016, and an additional one forty-eighth (1/48th) of the shares vest and become exercisable at the end of each monthly period thereafter. One hundred percent (100%) of the unvested portion of the option, if any, shall vest in the event of a termination without cause following a Change in Control (as defined in the Plan).
- [F4]Subject to the reporting person continuing to be a Service Provider (as defined in the 2014 Equity Incentive Plan (the "Plan")), one forty-eighth (1/48th) of the shares subject to the option vested and became exercisable one month after the vesting commencement date of June 10, 2017, and an additional one forty-eighth (1/48th) of the shares vest and become exercisable at the end of each monthly period thereafter. One hundred percent (100%) of the unvested portion of the option, if any, shall vest in the event of a termination without cause following a Change in Control (as defined in the Plan).
- [F5]Subject to the reporting person continuing to be a Service Provider (as defined in the 2014 Equity Incentive Plan (the "Plan")), one forty-eighth (1/48th) of the shares subject to the option vested and became exercisable one month after the vesting commencement date of June 9, 2018, and an additional one forty-eighth (1/48th) of the shares vest and become exercisable at the end of each monthly period thereafter. One hundred percent (100%) of the unvested portion of the option, if any, shall vest in the event of a termination without cause following a Change in Control (as defined in the Plan).
- [F6]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Vital Therapies, Inc. Common Stock.
- [F7]Subject to the reporting person continuing to be a Service Provider (as defined in the 2014 Equity Incentive Plan), twenty five percent (25%) of the RSUs vest annually after the vesting commencement date of January 11, 2019. One hundred percent (100%) of the unvested portion of the RSUs, if any, shall vest in the event of a Termination without Cause or Resignation for Good Reason (each as defined in the reporting person's Change of Control and Severance Agreement).
Documents
Issuer
VITAL THERAPIES INC
CIK 0001280776
Entity typeother
Related Parties
1- filerCIK 0001238648
Filing Metadata
- Form type
- 4
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 9:48 PM ET
- Size
- 16.8 KB