Edgar Filing: VIVUS INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

WILSON LELAND F

2. Issuer Name and Ticker or Trading Symbol
VIVUS INC [VVUS]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President & CEO

(Last)

(First)

(Middle)

1172 CASTRO STREET

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2007

(Street)

MOUNTAIN VIEW, CA 94040

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/28/2007		M		47,687	A	$ 2.9375	509,884	D
Common Stock	11/28/2007		M		2,313	A	$ 2.9375	512,197	D
Common Stock	11/28/2007		M		2,312	A	$ 4.4063	514,509	D
Common Stock	11/28/2007		S		44,228	D	$ 5.3	470,281	D
Common Stock	11/28/2007		S		4,800	D	$ 5.31	465,481	D
Common Stock	11/28/2007		S		11,080	D	$ 5.32	454,401	D
Common Stock	11/28/2007		S		8,581	D	$ 5.33	445,820	D
Common Stock	11/28/2007		S		2,900	D	$ 5.34	442,920	D
Common Stock	11/28/2007		S		10,000	D	$ 5.36	432,920	D
Common Stock	11/28/2007		S		3,323	D	$ 5.37	429,597	D
Common Stock	11/28/2007		S		800	D	$ 5.3714	428,797	D
Common Stock	11/28/2007		S		6,600	D	$ 5.3733	422,197	D
Common Stock	11/28/2007		S		1,963	D	$ 5.38	420,234	D
Common Stock	11/28/2007		S		100	D	$ 5.39	420,134	D
Common Stock	11/28/2007		M		47,688	A	$ 4.4063	467,822	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Incentive Stock Option (right to buy)

$ 2.9375

11/28/2007

2,313

12/08/1998⁽¹⁾

12/08/2007

Common Stock

2,313

$ 0

Incentive Stock Option (right to buy)

$ 4.4063

11/28/2007

2,312

12/08/1998⁽¹⁾

12/08/2007

Common Stock

2,312

$ 0

Non-Qualified Stock Option (right to buy)

$ 2.9375

11/28/2007

47,687

12/08/1998⁽¹⁾

12/08/2007

Common Stock

47,687

$ 0

Non-Qualified Stock Option (right to buy)

$ 4.4063

11/28/2007

47,688

12/08/1998⁽¹⁾

12/08/2007

Common Stock

47,688

$ 0

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
WILSON LELAND F 1172 CASTRO STREET MOUNTAIN VIEW, CA 94040	X		President & CEO

Signatures

By: Kate Higgins For: Leland Wilson		11/30/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Twenty-five percent (25%) of the shares subject to the option became exercisable on 12/8/98 and one forty-eighth of the shares became exercisable monthly thereafter. The option was fully vested on 12/8/01.

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