Filing Details

Accession Number:
0001192482-11-000264
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-09-06 15:15:02
Reporting Period:
2011-09-01
Filing Date:
2011-09-06
Filing Date Changed:
2011-09-06
Accepted Time:
2011-09-06 16:15:02
Original Submission Date:
Issuer
Cik Name Symbol Sector (SIC) IRS No
1301081 Pharmasset Inc VRUS Pharmaceutical Preparations (2834) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1397332 Schaefer P Price 303A College Road East
Princeton NJ 08540
President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings
Common Stock, $.001 Par Value Per Share Acquisiton 2011-09-01 40,000 $1.50 806,566
Common Stock, $.001 Par Value Per Share Disposition 2011-09-01 40,000 $65.63 766,566
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2011-09-01 40,000 $0.00 40,000 $1.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
411,915 2014-08-10 No 4 M Direct
Footnotes
  1. This transaction is the result of standing instructions set forth in a Rule 10b5-1 plan previously established by the filer.
  2. The number of shares beneficially owned reflected in Items 5 and 9 of this Form 4 represent a two-for-one stock split of the Issuer's common stock which is structured in the form of a dividend payable on August 31, 2011 to the stockholders of record at the close of business on August 22, 2011.
  3. Represents the weighted average sales price for price increments ranging from $64.52 to $66.77.
  4. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
  5. The options were granted on August 10, 2004. 25% were vested on the one-year anniversary of the grant and 6.25% became vested quarterly thereafter.
  6. Following this transaction, Mr. Price has 1,286,597.34 options remaining in total from all grants, including the 411,914.66 options reported above.
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