SEC Form 4/A · accession 0001209191-16-098998
TRANSENTERIX INC. · TRXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Anthony C. J. Fernando
Officer — Chief Technology Officer
Period of report
Feb 12, 2016
Accepted (ET)
Feb 16, 2016 · 8:53 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,F2 | $3.82 | Feb 12, 2016 | A | 330,000 | A | — | Feb 12, 2026 | Common Stock | 330,000 | 330,000 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Feb 12, 2016 | A | 73,333 | A | — | — | Common Stock | 73,333 | 73,333 | D |
Explanation of responses
- F1The purpose of this Form 4/A is to correct the number of stock options granted, provide the vesting schedule for the stock options granted, and correct the schedule for lapse of forfeiture restrcitions on the RSUs granted.
- F2Vests 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.
- F3Each restricted stock unit represents the right to receive one share of the Registrant's common stock. Forfeiture restrictions will lapse on the restricted stock units in three equal installments of 24,445, 24,444 and 24,444 on February 4, 2017, 2018 and 2019, respectively, so long as the Reporting Person remains in the employ of the Registrant, subject to acceleration as set forth in his Employment Agreement or in the Registrant's Incentive Plan.