Vanda Pharmaceuticals Inc. — Director's Dealing 2021

Sep 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vanda Pharmaceuticals Inc. (VNDA)
CIK: 0001347178
Period of Report: 2021-09-09

Reporting Person: Mitchell Stephen Ray (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-09	Common Stock	M	5985	$10.57	Acquired	15200	Direct
2021-09-09	Common Stock	M	13124	$12.70	Acquired	28324	Direct
2021-09-09	Common Stock	S	19109	$16.7448	Disposed	9215	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-09	Stock Option (right to buy)	$10.57	M	5985	Disposed	2030-06-10	Common Stock (5985)	Direct
2021-09-09	Stock Option (right to buy)	$12.70	M	13124	Disposed	2030-02-13	Common Stock (13124)	Direct

Footnotes

F1: A portion of the shares was sold to satisfy the exercise price of the stock options.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.53 to $16.97, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

F3: This option vested and became exercisable with respect to 100% of the option shares on June 11, 2021.

F4: The option vested with respect to 25% of the underlying shares on February 14, 2021, with the balance vesting in equal monthly installments over the next 36 months of continuous service thereafter, provided the Reporting Person provides continuous service to the Issuer through the applicable vesting date.