SEC Form 4 · accession 0001209191-18-054150

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

Oct 1, 2018

Accepted (ET)

Oct 3, 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 Stock^F1	Oct 1, 2018	M	11,951	$1.42	A	11,951	D
Common Stock^F1	Oct 1, 2018	M	9,375	$1.53	A	21,326	D
Common Stock^F1	Oct 1, 2018	M	6,250	$2.45	A	27,576	D
Common Stock^F1	Oct 1, 2018	M	11,250	$2.94	A	38,826	D
Common Stock^F1	Oct 1, 2018	M	13,750	$3.82	A	52,576	D
Common Stock^F1	Oct 1, 2018	M	3,575	$4.02	A	56,151	D
Common Stock^F1,F2	Oct 1, 2018	S	56,151	$5.73	D	0	D
Common Stock^F1	Oct 2, 2018	M	8,500	$1.42	A	8,500	D
Common Stock^F1,F3	Oct 2, 2018	S	8,500	$5.77	D	0	D
Common Stock^F4	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	$1.42	Oct 1, 2018	M	11,951	D	—	Feb 2, 2027	Common Stock	11,951	245,334	D
Stock Option^F1,F5	$1.53	Oct 1, 2018	M	9,375	D	—	Oct 25, 2026	Common Stock	9,375	78,125	D
Stock Option^F1,F5	$2.45	Oct 1, 2018	M	6,250	D	—	Oct 28, 2025	Common Stock	6,250	27,084	D
Stock Option^F1,F5	$2.94	Oct 1, 2018	M	11,250	D	—	Feb 4, 2025	Common Stock	11,250	28,126	D
Stock Option^F1,F5	$3.82	Oct 1, 2018	M	13,750	D	—	Feb 12, 2026	Common Stock	13,750	116,875	D
Stock Option^F1,F6	$4.02	Oct 1, 2018	M	3,575	D	—	Apr 21, 2024	Common Stock	3,575	461,426	D
Stock Option^F1,F5	$1.42	Oct 2, 2018	M	8,500	D	—	Feb 2, 2027	Common Stock	8,500	236,834	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 $5.64 to $5.805 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 $5.75 to $5.78. 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 October 1, 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 1,749,470 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 and the reporting person's Employment Agreement with the Company.
F6Fully vested.