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Vanda Pharmaceuticals Inc. Director's Dealing 2009

Jan 20, 2009

33390_dirs_2009-01-20_0cec33f8-4bc3-44d1-9ef6-0d47c454fd70.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Vanda Pharmaceuticals Inc. (VNDA)
CIK: 0001347178
Period of Report: 2009-01-09

Reporting Person: Irish Stephanie Rast (Sr. VP, CFO, Treasurer)

Holdings (Non-Derivative)

Security Shares Ownership
Restricted Common Stock 40000 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (Right to Buy) $0.331 2015-02-01 Common Stock (960) Direct
Employee Stock Option (Right to Buy) $4.7329 2015-12-29 Common Stock (9238) Direct
Employee Stock Option (Right to Buy) $25.50 2016-12-18 Common Stock (10000) Direct
Employee Stock Option (Right to Buy) $30.65 2017-01-30 Common Stock (11000) Direct
Employee Stock Option (Right to Buy) $5.76 2018-01-03 Common Stock (17405) Direct
Employee Stock Option (Right to Buy) $1.02 2018-09-18 Common Stock (17405) Direct

Footnotes

F1: These shares are represented by restricted stock units. 50% of such shares vest upon approval by the FDA of the NDA for iloperidone, Vanda Pharmaceuticals Inc.'s lead product candidate, and 50% of such shares vest on December 31, 2009. Upon a change of control of Vanda Pharmaceuticals Inc., 100% of the unvested restricted stock units will vest upon the consummation of the change in control.

F2: Exercisable with respect to 25% of the shares one year after the grant, exercisable with respect to an additional 2.08333% of the aggregate shares each month thereafter.

F3: The option vests each month with respect to 2.0833% of the aggregate option share total.