Smith Eric A 4
4 · TRANSENTERIX INC. · Filed Feb 6, 2019
Insider Transaction Report
Form 4
Smith Eric A
Chief Commercial Officer
Transactions
- Award
Restricted Stock Units
2019-02-06+350,000→ 350,000 total→ Common Stock (350,000 underlying) - Award
Stock Option
2019-02-06+526,000→ 526,000 totalExercise: $2.47Exp: 2029-02-06→ Common Stock (526,000 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 acceleration as set forth in the Incentive Plan and the Reporting Person's Employment Agreement with the Company.
- [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 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.