SEC Form 4 · accession 0001209191-16-098300
TRANSENTERIX INC. · TRXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Pope
Officer — President and CEO · Director
Period of report
Feb 12, 2016
Accepted (ET)
Feb 12, 2016 · 8:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000876378
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $3.82 | Feb 12, 2016 | A | 547,500 | A | — | Feb 12, 2026 | Common Stock | 547,500 | 547,500 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 12, 2016 | A | 121,667 | A | — | — | Common Stock | 121,667 | 121,667 | D |
Explanation of responses
- F1Vests 25% on the first anniversary of the date of grant and thereafter 1/48th of the entire award monthly for 36 months. The outstanding equity awards are subject to acceleration provisions set forth in an Employment Agreement between the Registrant and the Reporting Person in connection with termination of employment due to a Change in Control.
- F2Each restricted stock unit represents the right to receive one share of the Registrant's common stock.
- F3Forfeiture restrictions will lapse on the restricted stock units in three equal annual installments of 40,555, 40,556 and 40,556 on February 4, 2017, 2018 and 2019, as long as the Reporting Person remains in the employ of the Registrant, subject to certain acceleration provisions following an involuntary termination from employment of the Reporting Person within 12 months following a change of control and acceleration events as set forth in the Incentive Plan.