SEC Form 4 · accession 0001209191-16-096025
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
Feb 4, 2016
Accepted (ET)
Feb 5, 2016 · 4:51 pm EST
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 Stock | Feb 4, 2016 | M | 20,000 | $0.00 | A | 155,087 | D | |
| Common Stock | Feb 4, 2016 | F | 7,700 | $3.26 | D | 147,387 | 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 UnitsF2,F3 | — | Feb 4, 2016 | M | 20,000 | D | — | — | Common Stock | 20,000 | 40,000 | D |
Explanation of responses
- F1This transaction represents the payment of a tax liability on the lapse of forfeiture restrictions on a derivative security and acquisition of the underlying shares.
- F2Each restricted stock unit represents a right to receive one share of TransEnterix, Inc. (the "Issuer") common stock.
- F3Forfeiture restrictions will lapse as to 1/3rd of the Restricted Stock Units on each of the first three anniversaries of the date of grant, as long as the Reporting Person remains in the employ of the Registrant. The lapse of forfeiture restrictions may accelerate on certain events as set forth in the Incentive Plan.