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Vanda Pharmaceuticals Inc. Director's Dealing 2014

Dec 5, 2014

33390_dirs_2014-12-05_6e5ec543-6956-4628-b34b-8d79e629d0c7.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: 2014-12-04

Reporting Person: Baroldi Paolo (SVP & Chief Medical Officer)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-12-04 Employee Stock Option (Right to Buy) $12.27 A 60000 Acquired 2024-12-03 Common Stock (60000) Direct
2014-12-04 Restricted Stock Units $ A 20000 Acquired Common Stock (20000) Direct

Footnotes

F1: The shares subject to this option shall vest in forty-eight (48) equal monthly installments beginning January 4, 2015, provided Reporting Person remains continuously employed by the Issuer through each monthly vesting date.

F2: Each Restricted Stock Unit ("RSU") represents a contingent right to receive a share of the Issuer's common stock.

F3: The RSUs shall vest in four (4) equal annual installments beginning January 1, 2016, provided Reporting Person remains continuously employed by the Issuer through each annual vesting date. Vested shares will be delivered on the First Permissable Trading Day (as defined in the RSU Agreement) that occurs on or after the day when the RSUs vest.

F4: Not Applicable.