SEC Form 4 · accession 0001209191-18-043567
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
Jul 19, 2018
Accepted (ET)
Jul 20, 2018 · 8:00 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,F2 | Jul 19, 2018 | S | 56,622 | $5.00 | D | 0 | D | |
| Common StockF1 | Jul 19, 2018 | M | 8,458 | $1.42 | A | 8,458 | D | |
| Common StockF1 | Jul 19, 2018 | M | 2,083 | $2.45 | A | 10,541 | D | |
| Common StockF1 | Jul 19, 2018 | M | 5,625 | $2.94 | A | 16,166 | D | |
| Common StockF1 | Jul 19, 2018 | M | 6,875 | $3.82 | A | 23,041 | D | |
| Common StockF1 | Jul 19, 2018 | M | 9,736 | $3.94 | A | 32,777 | D | |
| Common StockF1 | Jul 19, 2018 | M | 34,999 | $4.02 | A | 67,776 | D | |
| Common StockF1,F3 | Jul 19, 2018 | S | 67,776 | $5.00 | D | 0 | D | |
| Common StockF4 | 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 OptionsF1,F5 | $1.42 | Jul 19, 2018 | M | 8,485 | D | — | Feb 2, 2027 | Common Stock | 8,458 | 262,209 | D |
| Stock OptionsF1,F5 | $2.45 | Jul 19, 2018 | M | 2,083 | D | — | Oct 28, 2025 | Common Stock | 2,083 | 33,334 | D |
| Stock OptionsF1,F5 | $2.94 | Jul 19, 2018 | M | 5,625 | D | — | Feb 4, 2025 | Common Stock | 5,625 | 39,376 | D |
| Stock OptionsF1,F5 | $3.82 | Jul 19, 2018 | M | 6,875 | D | — | Feb 12, 2026 | Common Stock | 6,875 | 130,625 | D |
| Stock OptionsF1,F6 | $3.94 | Jul 19, 2018 | M | 9,736 | D | — | May 27, 2024 | Common Stock | 9,736 | 0 | D |
| Stock OptionsF1,F6 | $4.02 | Jul 19, 2018 | M | 34,999 | D | — | Apr 21, 2024 | Common Stock | 34,999 | 465,001 | 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 $5.00 to $5.035 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.
- F3The sale price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.005 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.
- F4Following the sales on July 19, 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 1,819,045 shares of common stock, of which approximately 26% are vested, and restricted stock units representing an additional 595,777 shares of common stock subject to forfeiture restrictions.
- 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.
- F6Previously vested.