SEC Form 4 · accession 0001209191-18-057054
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
Oct 31, 2018
Accepted (ET)
Nov 2, 2018 · 8:02 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Oct 31, 2018 | A | 50,000 | A | — | — | Common Stock | 50,000 | 50,000 | D |
| Stock OptionsF2 | $3.27 | Oct 31, 2018 | A | 100,000 | A | — | Oct 31, 2028 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Forfeiture restrictions will lapse on the restricted stock units in three installments of 16,666, 16,666 and 16,668 on each of July 3, 2019, 2020 and 2021, as long as the reporting person continues to provide services to the Registrant, subject to acceleration as set forth in the Incentive Plan.
- F2Vests 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 of vesting based on achievement of designated performance goals.