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Vanda Pharmaceuticals Inc. Director's Dealing 2010

Jan 5, 2010

33390_dirs_2010-01-05_a22956cb-b12e-414a-acf4-e8d82ec1809b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vanda Pharmaceuticals Inc. (VNDA)
CIK: 0001347178
Period of Report: 2010-01-01

Reporting Person: Clark William D (Sr. VP, Chief Business Officer)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-01-01 Restricted Stock Units $ A 30000 Acquired Common Stock (30000) Direct

Footnotes

F1: The Restricted Stock Units represent a contingent right to receive a share of the Issuer's common stock.

F2: The Restricted Stock Units vest in four equal annual installments beginning January 1, 2011. Vested shares will be delivered on the First Permissable Trading Day (as defined in the Restricted Stock Unit Agreement) that occurs on or after the day when the Restricted Stock Units vest.

F3: N/A