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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 24, 1997
REGISTRATION NO. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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VIVUS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 94-3136179
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(STATE OF OTHER JURISDICTION OF (I.R.S. EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
545 MIDDLEFIELD ROAD, SUITE 200
MENLO PARK, CA 94025
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES,
ZIP CODE)
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1991 INCENTIVE STOCK PLAN
1994 DIRECTOR OPTION PLAN
(FULL TITLE OF THE PLAN)
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DAVID YNTEMA
CHIEF FINANCIAL OFFICER
VIVUS, INC.
545 MIDDLEFIELD ROAD, SUITE 200
MENLO PARK, CA 94025
(415) 325-5511
(NAME, ADDRESS, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR
SERVICE)
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Copy to:
ROBERT D. BROWNELL, ESQ.
WILSON SONSINI GOODRICH & ROSATI
PROFESSIONAL CORPORATION
650 PAGE MILL ROAD
PALO ALTO, CA 94304
(415) 493-9300
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CALCULATION OF REGISTRATION FEE
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PROPOSED MAXIMUM
TITLE OF SECURITIES PROPOSED MAXIMUM AGGREGATE OFFERING AMOUNT OF
TO BE REGISTERED AMOUNT TO BE REGISTERED OFFERING PRICE PER SHARE (3) PRICE (4) REGISTRATION FEE
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Common Stock ($.001 800,000(1) $ 49.625 $39,700,000 $ 12,031
par value per share)
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Common Stock ($.001 100,000(2) $ 49.625 $ 4,962,500 $ 1,504
par value per share)
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$ 13,535
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(1) These shares represent shares of Common Stock which have become available
for issuance under the Registrant's 1991 Incentive Stock Plan as a result
of an amendment approved by the shareholders at the Registrant's Annual
Meeting of Stockholders held on May 22, 1997 increasing the number of
shares authorized for issuance thereunder from 3,100,000 to 3,900,000.
(2) These shares represent shares of Common Stock which have become available
for issuance under the Registrant's 1994 Director Option Plan as a result
of an amendment approved by the shareholders at the Registrant's Annual
Meeting of Stockholders held on May 22, 1997 increasing the number of
shares authorized for issuance thereunder from 100,000 to 200,000.
(3) Calculated solely for the purpose of determining the registration fee on
the basis of the average of the bid and ask prices of the Registrant's
Common Stock as reported by the Nasdaq National Market System on June 19,
1997 in accordance with Rule 457(h)(1) and (c).
(4) Calculated in accordance with Rule 457(h) under the Act based on the
aggregate exercise price for options available for grant.
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STATEMENT UNDER GENERAL INSTRUCTION E REGISTRATION OF ADDITIONAL SECURITIES.
Unless as noted herein, the Registration Statements on Form S-8
pertaining to the 1991 Incentive Stock Plan (File Nos. 33-80362, 33-75698 and
333-6486) and the 1994 Director Option Plan (File No. 33-80362) are hereby
incorporated by reference into this Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 8. EXHIBITS.
5.1 Opinion of counsel as to legality of Securities being registered.
23.1 Consent of Arthur Andersen LLP, Independent Public Accountants.
23.2 Consent of counsel (contained in Exhibit 5.1).
24.1 Power of Attorney (see page 5).
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Menlo Park, State of California, on this 24th day of
June, 1997.
VIVUS, INC.
By: /s/ LELAND F. WILSON
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Leland F. Wilson
President and Chief Executive
Officer
By: /s/ DAVID C. YNTEMA
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David C. Yntema
Chief Financial Officer
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Robert D. Brownell, David C. Yntema and
Leland F. Wilson, jointly and severally, his attorneys-in-fact, each with the
power of substitution, for him in any and all capacities, to sign any amendments
to this Registration Statement on Form S-8 and to file the same, with exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission, hereby ratifying and confirming all that each of said
attorney-in-fact, or his substitute or substitutes, may do or cause to be done
by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signatures Title Date
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/s/ LELAND F. WILSON President and Chief Executive Officer June 24, 1997
- ----------------------------------- (Principal Executive Officer)
Leland F. Wilson
/s/ VIRGIL A. PLACE, M.D. Chairman of the Board of Directors June 24, 1997
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Virgil A. Place, M.D.
/s/ DAVID C. YNTEMA Chief Financial Officer (Principal Financial June 24, 1997
- ----------------------------------- and Accounting Officer)
David C. Yntema
/s/ RICHARD L. CASEY Director June 24, 1997
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Richard L. Casey
/s/ SAMUEL D. COLELLA Director June 24, 1997
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Samuel D. Colella
/s/ BRIAN H. DOVEY Director June 24, 1997
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Brian H. Dovey
/s/ ELIZABETH A. FETTER Director June 24, 1997
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Elizabeth A. Fetter
/s/ LINDA JENCKES Director June 24, 1997
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Linda Jenckes
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INDEX TO EXHIBITS
Exhibit
Number Description of Document Page
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5.1 Opinion of counsel as to legality of Securities being registered. E-2
23.1 Consent of Arthur Andersen LLP, Independent Public Accountants. E-3
23.2 Consent of counsel (contained in Exhibit 5.1).
24.1 Power of Attorney (see page 5).
E-1
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EXHIBIT 5.1
June 24, 1997
VIVUS, Inc.
545 Middlefield Road, Suite 200
Menlo Park, CA 94025
RE: REGISTRATION STATEMENT ON FORM S-8
Ladies and Gentlemen:
We have examined the Registration Statement on Form S-8 (the
"Registration Statement") to be filed by VIVUS, Inc., a Delaware corporation
(the "Registrant" or "you"), with the Securities and Exchange Commission on or
about June 24, 1997, in connection with the registration under the Securities
Act of 1933, as amended, of shares of your Common Stock, no par value (the
"Shares"), reserved for issuance pursuant to the 1991 Incentive Stock Plan, as
amended and the 1994 Director Option Plan, as amended (the "Plans"). As your
legal counsel in connection with this transaction, we have reviewed the
proceedings taken by you in connection with the issuance and sale of the Shares
pursuant to the Plans.
It is our opinion that, when issued and sold in the manner described
in the Plans and pursuant to the agreements that accompany each grant under the
Plans, the Shares will be legally and validly issued, fully-paid and
non-assessable.
We consent to the use of this opinion as an exhibit to the
Registration Statement, and further consent to the use of our name wherever
appearing in the Registration Statement and any subsequent amendment thereto.
Very truly yours,
WILSON SONSINI GOODRICH & ROSATI
Professional Corporation
/s/ Wilson Sonsini Goodrich & Rosati
E-2
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EXHIBIT 23.1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the
incorporation by reference in this Registration Statement on Form S-8 pertaining
to the 1991 Incentive Stock Plan and 1994 Director Option Plan of VIVUS, Inc.,
of our report dated January 27, 1997 included in the Company's Form 10-K for the
year ended December 31, 1996 to be included in or made part of this Registration
Statement for VIVUS, Inc.
Arthur Andersen LLP
San Jose, California
June 19, 1997
E-3
