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Vanda Pharmaceuticals Inc. — Director's Dealing 2014
Feb 20, 2014
33390_dirs_2014-02-20_79803780-e2e6-4c7f-aaa3-c8d9ff8c611b.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: 2014-02-18
Reporting Person: Polymeropoulos Mihael Hristos (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-02-18 | Common Stock | M | 18750 | — | Acquired | 490386 | Direct |
| 2014-02-18 | Common Stock | M | 12500 | — | Acquired | 502886 | Direct |
| 2014-02-18 | Common Stock | M | 12500 | — | Acquired | 515386 | Direct |
| 2014-02-18 | Common Stock | M | 6250 | — | Acquired | 521636 | Direct |
| 2014-02-18 | Common Stock | F | 17772 | $13.46 | Disposed | 503864 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-18 | Restricted Stock Unit | $ | M | 18750 | Disposed | Common Stock (18750) | Direct | |
| 2014-02-18 | Restricted Stock Units | $ | M | 12500 | Disposed | Common Stock (12500) | Direct | |
| 2014-02-18 | Restricted Stock Units | $ | M | 12500 | Disposed | Common Stock (12500) | Direct | |
| 2014-02-18 | Restricted Stock Units | $ | M | 6250 | Disposed | Common Stock (6250) | Direct |
Footnotes
F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive a share of the Issuer's common stock.
F2: Represents shares of the Issuer's common stock withheld to satisfy tax obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs as reflected in this Form 4.
F3: The RSUs vest in four equal annual installments beginning January 1, 2011, provided that Mr. Polymeropoulos has remained in continuous service with the Issuer on each applicable vesting date. Vested shares will be delivered on the First Permissible Trading Day (as defined in the RSU Agreement) that occurs on or after the day when the RSUs vest.
F4: Not Applicable.
F5: The RSUs vest in four equal annual installments beginning January 1, 2012, provided that Mr. Polymeropoulos has remained in continuous service with the Issuer on each applicable vesting date. Vested shares will be delivered on the First Permissible Trading Day (as defined in the RSU Agreement) that occurs on or after the day when the RSUs vest.
F6: The RSUs vest in four equal annual installments beginning January 1, 2013, provided that Mr. Polymeropoulos has remained in continuous service with the Issuer on each applicable vesting date. Vested shares will be delivered on the First Permissible Trading Day (as defined in the RSU Agreement) that occurs on or after the day when the RSUs vest.
F7: 50% of the original RSU award vested on July 29, 2013 due to milestone achievement, the remaining RSUs vest in four equal annual installments beginning January 1, 2014, provided that Mr. Polymeropoulos has remained in continuous service with the Issuer on each applicable vesting date. Vested shares will be delivered on the First Permissible Trading Day (as defined in the RSU Agreement) that occurs on or after the day when the RSUs vest.