Filing Details

Accession Number:
0001209191-18-041906
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-07-06 18:06:32
Reporting Period:
2018-07-03
Accepted Time:
2018-07-06 18:06:32
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
876378 Transenterix Inc. TRXC Surgical & Medical Instruments & Apparatus (3841) 112962080
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1246530 P Joseph Slattery C/O Transenterix, Inc.
635 Davis Drive, Suite 300
Morrisville NC 27560
Evp And Cfo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2018-07-03 166,667 $0.00 166,667 No 4 M Direct
Common Stock Disposition 2018-07-03 58,334 $3.84 108,333 No 4 F Direct
Common Stock Disposition 2018-07-03 2,491 $4.01 105,842 No 4 S Direct
Common Stock Disposition 2018-07-03 11,883 $4.00 93,959 No 4 S Direct
Common Stock Disposition 2018-07-05 37,337 $4.00 56,622 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2018-07-03 166,667 $0.00 166,667 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
333,333 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 25,000 Indirect By IRA
Footnotes
  1. This transaction represents the payment of a tax liability on the lapse of forfeiture restrictions on a derivative security and acquisition of the underlying shares.
  2. The transaction occurred pursuant to a written trading plan dated November 29, 2017, meeting the requirements of Rule 10b5-1(c).
  3. Following the sales on July 3, 2018 and July 5, 2018, the reporting person continues to beneficially own 81,622 shares of the company's common stock. The reporting person also holds stock options to acquire 1,886,821 shares of common stock, of which approximately 27% are vested, and restricted stock units representing an additional 595,777 shares of common stock subject to forfeiture restrictions.
  4. Each restricted stock unit represents the right to receive one share of the Registrant's common stock.
  5. Forfeiture restrictions will lapse as to 1/3rd of the Restricted Stock Units on each of the first three anniversaries of the date of grant, as long as the Reporting Person remains in the employ of the Registrant. The lapse of forfeiture restrictions may accelerate on certain events as set forth in an employment agreement or the Incentive Plan.