Fernando Anthony C. J. 4

Accession 0001437749-24-003267

CIK 0000876378other

View on SEC.gov Company Profile

Filed

Feb 5, 7:00 PM ET

Accepted

Feb 6, 7:00 PM ET

Size

28.1 KB

Accession

0001437749-24-003267

Insider Transaction Report

Form 4

Period: 2024-02-04

ASENSUS SURGICAL, INC.ASXC

Fernando Anthony C. J.

Chief Technology Officer

Transactions

Tax Payment
Common Stock
2024-02-04$0.27/sh−484,572$130,834→ 2,046,593 total
Award
Restricted Stock Units
2024-02-06+2,477,400→ 2,477,400 total
Exercise: $0.00→ Common Stock (2,477,400 underlying)
Award
Stock Options
2024-02-06+1,488,100→ 1,488,100 total
Exercise: $0.26Exp: 2031-02-06→ Common Stock (1,488,100 underlying)
Exercise/Conversion
Common Stock
2024-02-04+1,042,772→ 2,531,165 total
Award
Restricted Stock Units
2024-02-06+1,238,700→ 1,238,700 total
Exercise: $0.00→ Common Stock (1,238,700 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−234,086→ 0 total
Exercise: $0.00→ Common Stock (234,086 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−234,086→ 0 total
Exercise: $0.00→ Common Stock (234,086 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−162,300→ 162,300 total
Exercise: $0.00→ Common Stock (162,300 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−162,300→ 162,300 total
Exercise: $0.00→ Common Stock (162,300 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−125,000→ 250,000 total
Exercise: $0.00→ Common Stock (125,000 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−125,000→ 250,000 total
Exercise: $0.00→ Common Stock (125,000 underlying)

Footnotes (12)

[F1]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.
[F10]Lapse of forfeiture restrictions on the second one-third of a PRSU Award from a grant made on February 4, 2022. The remaining PRSUs will vest on February 4, 2025, as long as the Reporting Person provides continuous service to the Company during the vesting period, and subject to acceleration as set forth in the Plan and the Reporting Person's Employment Agreement.
[F11]Lapse of forfeiture restrictions on first one-third of a time-based RSU award granted on February 3, 2023. The remaining RSUs will vest on each of February 4, 2025 and 2026, as long as the Reporting Person provides continuous service to the Company during the vesting period and subject to acceleration as set forth in the Plan and the Reporting Person's Employment Agreement.
[F12]Lapse of forfeiture restrictions on the first one-third of one-half of a PRSU award granted on February 3, 2023. One-half of the PRSUs were forfeited upon failure to achieve one of two performance goals. The remaining earned PRSUs will vest on each of February 4, 2025 and 2026, as long as the Reporting Person provides continuous service to the Company during the vesting period and subject to acceleration as set forth in the Plan and the Reporting Person's Employment Agreement.
[F2]Vests one-third annually on each of the first three anniversaries of the date of grant, subject to acceleration as set forth in the Registrant's Amended and Restated Incentive Compensation Plan ("Plan") and the Reporting Person's Employment Agreement with the Registrant ("Employment Agreement").
[F3]Each performance-based restricted stock unit ("PRSU") represents the right to receive one share of the Registrant's common stock.
[F4]PRSU award with time-based vesting in three equal installments on each of February 4, 2025, 2026 and 2027, and performance-based vesting only if designated corporate goals are achieved. The Reporting Person must continue to provide services to the Company during the vesting period.
[F5]Each restricted stock unit ("RSU") represents the right to receive one share of the Registrant's common stock.
[F6]Forfeiture restrictions will lapse on the RSUs in three installments on each of February 4, 2025, 2026 and 2027, as long as the Reporting Person remains in continuous service during the vesting period, subject to acceleration as set forth in the Plan and the Reporting Person's Employment Agreement.
[F7]Lapse of forfeiture restrictions on the third one-third of an award of RSUs from a grant made on February 8, 2021.
[F8]Lapse of forfeiture restrictions on third one-third of a PRSU award granted on February 8, 2021 upon the achievement of time and performance goals.
[F9]Lapse of forfeiture restrictions on the second one-third of an award of RSUs from a grant made on February 4, 2022. The remaining RSUs will vest on February 4, 2025, as long as the Reporting Person provides continuous service to the Company during the vesting period, and subject to acceleration as set forth in the Plan and the Reporting Person's Employment Agreement.

Documents

1 file

4
rdgdoc.xmlPrimary
ANTHONY FERNANDO FORM 4 (2024-02-04)

Issuer

ASENSUS SURGICAL, INC.

CIK 0000876378

→

Entity typeother

Related Parties

filerCIK 0001664960

Filing Metadata

Form type: 4
Filed: Feb 5, 7:00 PM ET
Accepted: Feb 6, 7:00 PM ET
Size: 28.1 KB

View on SEC.gov