SEC Form 4 · accession 0001209191-18-039732

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

Jun 25, 2018

Accepted (ET)

Jun 27, 2018 · 8:01 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 Stock^F1	Jun 25, 2018	M	37,875	$1.53	A	201,240	D
Common Stock	Jun 25, 2018	M	64,583	$2.45	A	265,823	D
Common Stock	Jun 25, 2018	M	131,383	$2.94	A	397,206	D
Common Stock^F1	Jun 25, 2018	S	233,841	$5.00	D	163,365	D
Common Stock	Jun 26, 2018	M	93,616	$2.94	A	256,981	D
Common Stock^F1	Jun 26, 2018	M	8,465	$3.82	A	265,446	D
Common Stock^F1	Jun 26, 2018	S	178,598	$5.00	D	86,848	D
Common Stock^F1	Jun 26, 2018	S	4,483	$5.01	D	82,365	D
Common Stock^F1,F2	Jun 27, 2018	S	82,365	$6.01	D	0	D
Common Stock^F1	Jun 27, 2018	M	184,035	$3.82	A	184,035	D
Common Stock^F1	Jun 27, 2018	M	16,164	$3.94	A	200,199	D
Common Stock^F1,F3,F4	Jun 27, 2018	S	200,199	$6.00	D	0	D
Common Stock^F3	holding	—	—		—	25,000	I	By IRA

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option^F1,F5	$1.53	Jun 25, 2018	M	37,875	D	—	Oct 25, 2026	Common Stock	37,875	87,500	D
Stock Option^F1,F5	$2.45	Jun 25, 2018	M	64,583	D	—	Oct 28, 2025	Common Stock	64,583	35,417	D
Stock Option^F1,F5	$2.94	Jun 25, 2018	M	131,383	D	—	Feb 4, 2025	Common Stock	131,383	138,617	D
Stock Option^F1,F5	$2.94	Jun 26, 2018	M	93,616	D	—	Feb 4, 2025	Common Stock	93,616	45,001	D
Stock Option^F5	$3.82	Jun 26, 2018	M	8,465	D	—	Feb 12, 2026	Common Stock	8,465	321,535	D
Stock Option^F1,F5	$3.82	Jun 27, 2018	M	184,035	D	—	Feb 12, 2026	Common Stock	184,035	137,500	D
Stock Option^F1,F5	$3.94	Jun 27, 2018	M	16,164	D	—	May 27, 2024	Common Stock	16,164	9,736	D

Explanation of responses

F1The transaction occurred pursuant to a written trading plan dated November 29, 2017 meeting the requirements of Rule 10b5-1(c).
F2The sale price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.01 to $6.025 inclusive. The reporting person undertakes to provide to TransEnterix, Inc., any security holder of TransEnterix, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F3Following the sales on June 25, 2018, June 26, 2018 and June 27, 2018, the reporting person continues to beneficially own 25,000 shares of the company's common stock. The reporting person also holds stock options to acquire 1,886,821 shares of common stock, of which approximately 27% are vested, and restricted stock units representing an additional 762,444 shares of common stock subject to forfeiture restrictions.
F4The sale price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.00 to $6.01 inclusive. The reporting person undertakes to provide to TransEnterix, Inc., any security holder of TransEnterix, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F5Vests 25% on the first anniversary of the date of grant and 1/48th of the entire award monthly on the vesting date anniversary for 36 months, subject to acceleration as set forth in the Incentive Plan and in connection with a termination of employment following a change in control under an employment agreement.