SEC Form 4 · accession 0001209191-15-073536
TRANSENTERIX INC. · TRXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph P Slattery
Officer — EVP and CFO
Period of report
Oct 2, 2015
Accepted (ET)
Oct 2, 2015 · 7:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000876378
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 2, 2015 | M | 66,667 | $0.00 | A | 150,333 | D | |
| Common StockF1 | Oct 2, 2015 | F | 30,246 | $2.30 | D | 120,087 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3,F4 | — | Oct 2, 2015 | M | 66,667 | D | — | — | Common Stock | 66,667 | 66,667 | D |
Explanation of responses
- F1Reflects a five-for-one reverse stock split effected March 31, 2014.
- F2This transaction represents the payment of a tax liability on the lapse of forfeiture restrictions on a derivative security and acquisition of the underlying shares.
- F3Each restricted stock unit represents a right to receive one share of TransEnterix, Inc. (the "Issuer") common stock.
- F4The restricted stock units vest in three equal annual installments beginning October 2, 2014, subject to certain acceleration provisions following an involuntary termination from employment of the Reporting Person within 12 months following a change of control.