BAXANO SURGICAL, INC. 4
4 · BAXANO SURGICAL, INC. · Filed Jun 4, 2013
Insider Transaction Report
Form 4
Young Roderick A
Director
Transactions
- Award
Stock Option (right to buy)
2013-05-31+30,000→ 30,000 totalExercise: $2.06Exp: 2023-05-30→ Common Stock (30,000 underlying) - Other
Common Stock
2013-05-31+50,718→ 79,666 total(indirect: Three Arch Associates IV, L.P.) - Purchase
Common Stock
2013-05-31$2.28/sh+28,948$66,001→ 28,948 total(indirect: Three Arch Associates IV, L.P.) - Purchase
Common Stock
2013-05-31$2.28/sh+1,311,086$2,989,276→ 1,311,086 total(indirect: Three Arch Partners IV, L.P.) - Other
Common Stock
2013-05-31+2,297,144→ 3,608,230 total(indirect: Three Arch Partners IV, L.P.)
Footnotes (4)
- [F1]The reportable securities are owned directly by Three Arch Associates IV, L.P. Mr. Young is a venture partner of Three Arch Associates IV, L.P. and does not have any voting or dispositive power with respect to the shares held by Three Arch Associates IV, L.P. Mr. Young disclaims beneficial ownership of these shares except to the extent of his proportionate pecuniary interest therein
- [F2]The reportable securities are owned directly by Three Arch Partners IV, L.P. Mr. Young is a venture partner of Three Arch Partners IV, L.P. and does not have any voting or dispositive power with respect to the shares held by Three Arch Partners IV, L.P. Mr. Young disclaims beneficial ownership of these shares except to the extent of his proportionate pecuniary interest therein.
- [F3]Received in exchange for outstanding convertible promissory notes and shares of Series C Preferred Stock of Baxano, Inc. pursuant to the Agreement and Plan of Merger, dated March 3, 2013, by and among TranS1 Inc. (now Baxano Surgical, Inc.), RacerX Acquisition Corp., Baxano, Inc., and Sumeet Jain and David Schulte as Securityholder Representatives, as amended by the First Amendment to Agreement and Plan of Merger, dated April 10, 2013, by and among the parties.
- [F4]25% of the stock option shall vest on May 31, 2014 and the remaining 75% of the stock option shall vest thereafter in 36 equal monthly installments.