SEC Form 4 · accession 0001209191-19-013268

TRANSENTERIX INC. · TRXC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP and CFO

Period of report

Feb 21, 2019

Accepted (ET)

Feb 25, 2019 · 8:00 pm EST

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	Feb 21, 2019	S	17,650	$3.25	D	44,929	D
Common Stock^F1	Feb 22, 2019	M	26,292	$1.39	A	71,221	D
Common Stock^F1	Feb 22, 2019	S	71,221	$3.25	D	0	D
Common Stock^F2	holding	—	—		—	25,000	I	By IRA

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option^F1,F3	$1.39	Feb 22, 2019	M	26,292	D	—	Feb 7, 2028	Common Stock	26,292	774,708	D

F1The transactions occurred pursuant to a written trading plan dated November 29, 2017, meeting the requirements of Rule 10b5-1(c) with these sales hitting an established sales price trigger of $3.25 per share.
F2Following the sales on February 21, 2019 and February 22, 2019, 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 2,448,178 shares of common stock, of which approximately 31% are vested, and restricted stock units representing an additional 931,999 shares of common stock subject to forfeiture restrictions.
F3Vests 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.