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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: VLAD who wrote (18774)2/14/1999 7:07:00 PM
From: RT  Read Replies (1) of 23519
 
VLAD,

Subsequent to the quarter ended September 30, 1998, the Company's Board of Directors authorized the re-pricing of certain stock options for employees and certain consultants to the closing market value as of October 19, 1998. All repriced stock options have a six-month "blackout" period, whereby the repriced stock options cannot be exercised. This action was done due to the significant cut back in personnel, the recent decline in the Company's stock price, and the Company's increasingly dependency on its smaller personnel structure.

RT
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