Farabaugh Brett 4
4 · TRANSENTERIX, INC. · Filed Jun 10, 2020
Insider Transaction Report
Form 4
Farabaugh Brett
Interim CFO
Transactions
- Award
Stock Option
2020-06-08+110,000→ 110,000 totalExercise: $0.82Exp: 2027-06-08→ Common Stock (110,000 underlying) - Award
Restricted Stock Unit
2020-06-08+64,000→ 64,000 total→ Common Stock (64,000 underlying) - Award
Restricted Stock Unit
2020-06-08+16,000→ 16,000 total→ Common Stock (16,000 underlying)
Footnotes (4)
- [F1]The stock options vest one-third annually on each of June 8, 2021, June 8, 2022 and June 8, 2023. Subject to acceleration of vesting in full upon consummation of a change in control of the Registrant.
- [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 installments of 21,333, 21,333 and 21,334 on each of February 4, 2021, 2022, and 2023, as long as the Reporting Person remains in continuous service during the vesting period, subject to acceleration as set forth in the Registrant's Amended and Restated Incentive Compensation Plan.
- [F4]Represents performance-based restricted stock units with time-based vesting in three installments of 5,333, 5,333 and 5,334 on each of February 4, 2021, 2022 and 2023, and performance-based vesting only if, during the three year performance period ended June 8, 2023, the Registrant's stock price is equal to or greater than $1.00 for twenty consecutive trading days.