SEC Form 4 · accession 0001209191-19-007897
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
Feb 6, 2019
Accepted (ET)
Feb 6, 2019 · 8:04 pm EST
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 OptionF1 | $2.47 | Feb 6, 2019 | A | 526,000 | A | — | Feb 6, 2029 | Common Stock | 526,000 | 526,000 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 6, 2019 | A | 350,000 | A | — | — | Common Stock | 350,000 | 350,000 | 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 acceleration as set forth in the Incentive Plan and the Reporting Person's Employment Agreement with the Company.
- 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 116,667, 116,667 and 116,666 on February 4, 2020, 2021 and 2022 as long as the Reporting Person remains in the employ of the Registrant, subject to acceleration as set forth in the Incentive Plan and the Reporting Person's Employment Agreement with the Company.