Smith Eric A 4
4 · TRANSENTERIX INC. · Filed Sep 4, 2018
Insider Transaction Report
Form 4
Smith Eric A
Chief Commercial Officer
Transactions
- Award
Stock Options
2018-08-31+300,000→ 300,000 totalExercise: $5.80Exp: 2028-08-31→ Common Stock (300,000 underlying) - Award
Restricted Stock Units
2018-08-31+100,000→ 100,000 totalExercise: $0.00→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Vests 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 certain acceleration provisions.
- [F2]Each restricted stock unit represents the right to receive one share of the Registrant's common stock.
- [F3]Forfeiture restrictions will lapse on the restricted stock units in three substantially equal annual installments of 33,334, 33,333 and 33,333 on August 31, 2019, 2020 and 2021 as long as the Reporting Person remains in the employ of the Registrant, subject to certain acceleration provisions.