SEC Form 4 · accession 0001209191-18-049397
TRANSENTERIX INC. · TRXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric A Smith
Officer — Chief Commercial Officer
Period of report
Aug 31, 2018
Accepted (ET)
Sep 4, 2018 · 8:01 pm EDT
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 OptionsF1 | $5.80 | Aug 31, 2018 | A | 300,000 | A | — | Aug 31, 2028 | Common Stock | 300,000 | 300,000 | D |
| Restricted Stock UnitsF2,F3 | $0.00 | Aug 31, 2018 | A | 100,000 | A | — | — | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Vests 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 certain acceleration provisions.
- 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 substantially equal annual installments of 33,334, 33,333 and 33,333 on August 31, 2019, 2020 and 2021 as long as the Reporting Person remains in the employ of the Registrant, subject to certain acceleration provisions.