As filed with the Securities and Exchange Commission on April 25, 2007

Registration No. 333 -              

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 


VIVUS, INC.

(Exact name of Registrant as specified in its charter)


 

DELAWARE

 

94-3136179

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. Employer
Identification Number)

 

1172 CASTRO STREET
MOUNTAIN VIEW, CA  94040

(Address of principal executive offices)


2001 STOCK OPTION PLAN, AS AMENDED

 

(Full title of the plan)


Leland F. Wilson

President and Chief Executive Officer

VIVUS, Inc.

1172 Castro Street

Mountain View, CA 94040

(650) 934-5200

(Name, address, and telephone number, including area code, of agent for service)


Copy to:

Mario M. Rosati, Esq.

Wilson Sonsini Goodrich & Rosati

Professional Corporation

650 Page Mill Road

Palo Alto, CA  94304-1050

(650) 493-9300


 

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of Securities to
be Registered

 

 

 

Amount to be
Registered

 

 

 

Proposed Maximum
Offering Price
Per Share (2)

 

 

 

Proposed Maximum
Aggregate Offering
Price (2)

 

 

 

Amount of
Registration Fee

 

Common Stock, par value $0.001 per share (1)

 

 

 

1,000,000 shares

 

 

 

$

5.33

 

 

 

$

5,330,000.00

 

 

 

$

163.63

 

 

(1)           Shares of Common Stock of VIVUS, Inc. to be registered under the 2001 Stock Option Plan, as amended.

(2)   Estimated in accordance with Rules 457(c) and 457(h) under the Securities Act of 1933 solely for the purpose of calculating the registration fee. In accordance with Rules 457(c) and 457(h), the computation uses $5.33 per share price, which represents the average of the high and low prices of the Common Stock as reported on the NASDAQ Global Market on April 20, 2007.

 

 




VIVUS, INC.
REGISTRATION STATEMENT ON FORM S-8

PART II

INFORMATION REQUIRED IN REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

The following documents and information previously filed with the Securities and Exchange Commission (the “SEC”) by VIVUS, Inc. (the “Registrant”) are hereby incorporated by reference in this Registration Statement:

(a)   The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2006 filed with the SEC on March 14, 2007 pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

(b)   The Registrant’s Current Reports on Form 8-K filed with the SEC on January 17, 2007, February 6, 2007, February 27, 2007, March 2, 2007, March 5, 2007, March 12, 2007, March 28, 2007, April 2, 2007,  April 3, 2007 and April 17, 2007.

(c) The description of the Registrant’s Common Stock contained in the Registrant’s Registration Statement on Form 8-A filed with the SEC on February 24, 1994 registering such shares pursuant to Section 12 of the Exchange Act, including any amendment or report updating such descriptions.

All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the filing of this Registration Statement, and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents.

Item 4.  Description of Securities.

Not applicable.

Item 5.  Interests of Named Experts and Counsel.

Mario M. Rosati, a member of the law firm Wilson Sonsini Goodrich & Rosati (“WSGR”) and a director and the Secretary of the Registrant, beneficially owned as of April 1, 2007, an aggregate of 5,892 shares of the Registrant’s Common Stock. Mr. Rosati also holds options to purchase 130,000 shares of the Registrant’s Common Stock. WSGR is giving an opinion upon the validity of the shares being registered.

  Item 6.  Indemnification of Directors and Officers.

Section 145 of the Delaware General Corporation Law (the “Delaware Law”) authorizes a court to award, or a corporation’s Board of Directors to grant, indemnity to directors and officers in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including reimbursement for expenses incurred) arising under the Securities Act of 1933, as amended (the “Securities Act”).  Article VII of the Registrant’s Certificate of Incorporation and Article VI of the Registrant’s Bylaws provide for indemnification of the Registrant’s directors and officers and authorize indemnification of employees and

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other agents to the maximum extent permitted by Delaware Law.  In addition, the Registrant has entered into Indemnification Agreements with its officers and directors and certain stockholders.

Insofar as indemnification by Registrant for liabilities arising under the Securities Act may be permitted to its directors, officers and controlling persons pursuant to the provisions referenced above or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by Registrant of expenses incurred or paid by one of Registrant’s directors, officers, or controlling persons in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered hereunder, Registrant will, unless in the opinion of Registrant’s counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

Item 7.  Exemption from Registration Claimed.

Not applicable.

Item 8.  Exhibits.

Exhibit Number

 

Description

4.1

(1)

2001 Stock Option Plan, as amended.

5.1

 

Opinion of Wilson Sonsini Goodrich & Rosati, P.C.

23.1

 

Consent of Wilson Sonsini Goodrich & Rosati, P.C. (contained in Exhibit 5.1).

23.2

 

Consent of Odenberg, Ullakko, Muranishi & Co. LLP, Independent Registered Public Accounting Firm.

23.3

 

Consent of KPMG LLP, Independent Registered Public Accounting Firm.

24.1

 

Power of Attorney (see page II-4).


(1)  Incorporated by reference to the Registrant’s Form 8-K filed with the SEC on July 13, 2006.

Item 9.  Undertakings.

(a)           The undersigned Registrant hereby undertakes:

(1)   To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i)    To include any prospectus required by Section 10(a)(3) of the Securities Act;

(ii)   To reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement.  Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the

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Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;

(iii)  To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement.

Provided, however , that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Securities and Exchange Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.

(2)           That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3)           To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(4)           That, for the purpose of determining liability of the Registrant under the Securities Act to any purchaser in the initial distribution of the securities, the Registrant undertakes that in a primary offering of securities of the Registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: (i) any preliminary prospectus or prospectus of the Registrant relating to the offering required to be filed pursuant to Rule 424; (ii) any free writing prospectus relating to the offering prepared by or on behalf of the Registrant or used or referred to by the Registrant; (iii) the portion of any other free writing prospectus relating to the offering containing material information about the Registrant or its securities provided by or on behalf of the Registrant; and (iv) any other communication that is an offer in the offering made by the Registrant to the purchaser.

(b)           The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be an initial bona fide offering thereof.

(c)           Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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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 Mountain View, State of California, on this 25th day of April, 2007.

VIVUS, INC.

 

 

 

 

 

By:

/s/ Timothy E. Morris

 

Timothy E. Morris

 

 

Vice President, Finance and Chief Financial Officer

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints, jointly and severally, Leland F. Wilson and Timothy E. Morris, and each one of them individually, as his attorneys-in-fact, each with the power of substitution, for him in any and all capacities, to sign any and all 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 below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Signature

 

Title

 

Date

 

 

 

 

 

/s/ Leland F. Wilson

 

President and Chief Executive Officer

 

April 23, 2007

Leland F. Wilson

 

(Principal Executive Officer) and Director

 

 

 

 

 

 

 

/s/ Timothy E. Morris

 

Vice President of Finance and Chief

 

April 23, 2007

Timothy E. Morris

 

Financial Officer (Principal Financial Officer)

 

 

 

 

 

 

 

/s/ Lee B. Perry

 

Vice President and Chief Accounting Officer

 

April 23, 2007

Lee B. Perry

 

(Principal Accounting Officer)

 

 

 

 

 

 

 

/s/ Virgil A. Place

 

Chairman of the Board and

 

April 23, 2007

Virgil A. Place

 

Chief Scientific Officer

 

 

 

 

 

 

 

/s/ Mark B. Logan

 

Director

 

April 23, 2007

Mark B. Logan

 

 

 

 

 

 

 

 

 

/s/ Mario M. Rosati

 

Director

 

April 20, 2007

Mario M. Rosati

 

 

 

 

 

 

 

 

 

/s/ Linda M. Dairiki Shortliffe

 

Director

 

April 23, 2007

Linda M. Dairiki Shortliffe

 

 

 

 

 

 

 

 

 

/s/ Graham Strachan

 

Director

 

April 23, 2007

Graham Strachan

 

 

 

 

 

 

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INDEX TO EXHIBITS

Exhibit Number

 

Description

4.1

(1)

2001 Stock Option Plan, as amended.

5.1

 

Opinion of Wilson Sonsini Goodrich & Rosati, P.C.

23.1

 

Consent of Wilson Sonsini Goodrich & Rosati, P.C. (contained in Exhibit 5.1).

23.2

 

Consent of Odenberg, Ullakko, Muranishi & Co. LLP, Independent Registered Public Accounting Firm

23.3

 

Consent of KPMG LLP, Independent Registered Public Accounting Firm

24.1

 

Power of Attorney (see page II-4).


(1)  Incorporated by reference to exhibit 10.1 filed with the Registrant’s Form 8-K filed on July 13, 2006.

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Exhibit 5.1

Wilson Sonsini Goodrich & Rosati
650 Page Mill Road
Palo Alto, CA 94304-1050

April 25, 2007

VIVUS, Inc.
1172 Castro Street

Mountain View, CA 94040

Re:                              Registration Statement on Form S-8

Ladies and Gentlemen:

We have examined the Registration Statement on Form S-8 to be filed by you with the Securities and Exchange Commission on or about April 25, 2007 (the “Registration Statement”) in connection with the registration under the Securities Act of 1933, as amended, of 1,000,000 shares of your Common Stock (the “Shares”) reserved for issuance under the 2001 Stock Option Plan, as amended (the “Stock Plan”).  As your legal counsel, we have examined the proceedings taken and are familiar with the proceedings proposed to be taken by you in connection with the sale and issuance of the Shares under the Stock Plan.

It is our opinion that, when issued and sold in the manner referred to in the Stock Plan and pursuant to the standard agreements which accompany any sale under the Stock Plan, the Shares will be legally and validly issued, fully paid and nonassessable.

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 it appears in the Registration Statement and any amendment thereto.

 

Very truly yours,

 

 

 

 

 

WILSON SONSINI GOODRICH & ROSATI

 

 

Professional Corporation

 

 

 

 

 

/s/ Wilson Sonsini Goodrich & Rosati

 

 

               



Exhibit 23.2

CONSENT OF ODENBERG, ULLAKKO, MURANISHI & CO. LLP
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 pertaining to the 2001 Stock Option Plan, as amended of our reports dated February 28, 2007 relating to the consolidated financial statements, management’s assessment of the effectiveness of internal control over financial reporting and the effectiveness of internal control over financial reporting of VIVUS, Inc. included in its Annual Report on Form 10-K for the year ended December 31, 2006.

 

/s/ ODENBERG, ULLAKKO, MURANISHI & CO. LLP

 

 

 

San Francisco, California

 

 

April 25, 2007

 

 

 

               



Exhibit 23.3

CONSENT OF KPMG LLP
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the use of our report dated March 15, 2005, with respect to the consolidated statements of operations and other comprehensive income (loss), stockholders’ equity and cash flows of VIVUS, Inc. and subsidiaries for the year ended December 31, 2004, incorporated herein by reference.

 

/s/ KPMG LLP

 

 

 

San Francisco, California

 

 

April 24, 2007