Shameze Rampertab 4

Accession 0001437749-24-003268

CIK 0000876378other

View on SEC.gov Company Profile

Filed

Feb 5, 7:00 PM ET

Accepted

Feb 6, 7:01 PM ET

Size

27.9 KB

Accession

0001437749-24-003268

Insider Transaction Report

Form 4

Period: 2024-02-04

ASENSUS SURGICAL, INC.ASXC

Shameze Rampertab

EVP, Chief Financial Officer

Transactions

Tax Payment
Common Stock
2024-02-04$0.27/sh−150,367$40,599→ 378,405 total
Exercise/Conversion
Restricted Stock Units
2024-02-04−62,417→ 62,417 total
Exercise: $0.00→ Common Stock (62,417 underlying)
Award
Restricted Stock Units
2024-02-06+330,300→ 330,300 total
Exercise: $0.00→ Common Stock (330,300 underlying)
Award
Stock Options
2024-02-06+396,800→ 396,800 total
Exercise: $0.26Exp: 2031-02-06→ Common Stock (396,800 underlying)
Exercise/Conversion
Common Stock
2024-02-04+280,909→ 528,772 total
Award
Restricted Stock Units
2024-02-06+660,600→ 660,600 total
Exercise: $0.00→ Common Stock (660,600 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−58,333→ 116,667 total
Exercise: $0.00→ Common Stock (58,333 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−19,704→ 0 total
Exercise: $0.00→ Common Stock (19,704 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−19,704→ 0 total
Exercise: $0.00→ Common Stock (19,704 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−62,417→ 62,417 total
Exercise: $0.00→ Common Stock (62,417 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-04−58,334→ 116,666 total
Exercise: $0.00→ Common Stock (58,334 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 granted on February 4, 2022 upon the achievement of time and performance goals. Forfeiture restrictions will lapse on the remaining PRSUs on February 4, 2025, subject to acceleration as set forth in the Registrant's Plan and the Reporting Person's Employment Agreement.
[F11]Lapse of forfeiture restrictions on one-third of a RSU award granted on February 3, 2023. Forfeiture restrictions will lapse on the remaining RSUs 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 Registrant's Plan and teh 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 Registrant's Plan ad the Reporting Person's Employment Agreement.
[F2]Vests one-third annually on each of February 6, 2025, 2026 and 2027, 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 restricted stock unit ("RSU") represents the right to receive one share of the Registrant's common stock.
[F4]Forfeiture restrictions will lapse on the RSUs in three equal 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 Employment Agreement.
[F5]Each performance-based restricted stock unit ("PRSU") represents the right to receive one share of the Registrant's common stock.
[F6]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 met.
[F7]Lapse of forfeiture on 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 a RSU award granted on February 4, 2022. Forfeiture restrictions will lapse on the remaining RSUs 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 Registrant's Plan and the Reporting Person's Employment Agreement.

Documents

1 file

4
rdgdoc.xmlPrimary
RAMPERTAB FORM 2024-02-04

Issuer

ASENSUS SURGICAL, INC.

CIK 0000876378

→

Entity typeother

Related Parties

filerCIK 0001721810

Filing Metadata

Form type: 4
Filed: Feb 5, 7:00 PM ET
Accepted: Feb 6, 7:01 PM ET
Size: 27.9 KB

View on SEC.gov