0001209191-21-008653.txt : 20210208
0001209191-21-008653.hdr.sgml : 20210208
20210208204815
ACCESSION NUMBER: 0001209191-21-008653
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210204
FILED AS OF DATE: 20210208
DATE AS OF CHANGE: 20210208
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Fernando Anthony C. J.
CENTRAL INDEX KEY: 0001664960
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19437
FILM NUMBER: 21603474
MAIL ADDRESS:
STREET 1: 635 DAVIS DRIVE
STREET 2: SUITE 300
CITY: MORRISVILLE
STATE: NC
ZIP: 27560
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TRANSENTERIX, INC.
CENTRAL INDEX KEY: 0000876378
STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
IRS NUMBER: 112962080
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 635 DAVIS DRIVE
STREET 2: SUITE 300
CITY: MORRISVILLE
STATE: NC
ZIP: 27560
BUSINESS PHONE: 919-765-8400
MAIL ADDRESS:
STREET 1: 635 DAVIS DRIVE
STREET 2: SUITE 300
CITY: MORRISVILLE
STATE: NC
ZIP: 27560
FORMER COMPANY:
FORMER CONFORMED NAME: TRANSENTERIX INC.
DATE OF NAME CHANGE: 20131210
FORMER COMPANY:
FORMER CONFORMED NAME: SafeStitch Medical, Inc.
DATE OF NAME CHANGE: 20080211
FORMER COMPANY:
FORMER CONFORMED NAME: CELLULAR TECHNICAL SERVICES CO INC
DATE OF NAME CHANGE: 19930328
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-02-04
0
0000876378
TRANSENTERIX, INC.
TRXC
0001664960
Fernando Anthony C. J.
C/O TRANSENTERIX, INC.
635 DAVIS DRIVE, SUITE 300
MORRISVILLE
NC
27560
1
1
0
0
President and CEO
Common Stock
2021-02-04
4
M
0
146873
0.00
A
202374
D
Common Stock
2021-02-04
4
F
0
67248
3.19
D
135126
D
Stock Options
4.21
2021-02-08
4
A
0
868161
0.00
A
2028-02-08
Common Stock
868161
868161
D
Restricted Stock Units
0.00
2021-02-08
4
A
0
702256
0.00
A
Common Stock
702256
702256
D
Restricted Stock Units
0.00
2021-02-08
4
A
0
702256
0.00
A
Common Stock
702256
702256
D
Restricted Stock Units
0.00
2021-02-08
4
A
0
295900
0.00
A
Common Stock
295900
295900
D
Restricted Stock Units
0.00
2021-02-04
4
M
0
80000
0.00
D
Common Stock
80000
160000
D
Restricted Stock Units
0.00
2021-02-04
4
M
0
8974
0.00
D
Common Stock
8974
8975
D
Restricted Stock Units
0.00
2021-02-04
4
M
0
53334
0.00
D
Common Stock
53334
106666
D
Restricted Stock Units
0.00
2021-02-04
4
M
0
4565
0.00
D
Common Stock
4565
0
D
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.
Award subject to forfeiture if the Registrant's stockholders do not approve an increase in the number of shares available under the Plan at the Registrant's 2021 annual meeting of stockholders.
Vests one-third annually on each of February 4, 2022, 2023 and 2024, 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").
Each performance-based restricted stock unit ("PRSU") represents the right to receive one share of the Registrant's common stock.
PRSU award with time-based vesting in three installments of 234,086, 234,085 and 234,085 on each of February 4, 2022, 2023 and 2024, and performance-based vesting only if a designated corporate goal is achieved.
Each restricted stock unit ("RSU") represents the right to receive one share of the Registrant's common stock.
Forfeiture restrictions will lapse on the RSUs in three installments of 234,086, 234,085 and 234,085 on each of February 4, 2022, 2023 and 2024, 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.
Represents a discretionary retention bonus. Forfeiture restrictions will lapse on the RSUs on February 4, 2022, as long as the Reporting Person remains in continuous service during the vesting period.
Lapse of forfeiture restrictions on one-third of a PRSU award granted on June 8, 2020 upon the achievement of time and performance goals. Forfeiture restrictions will lapse on the remaining PRSUs in two equal installments of 80,000 on each of February 4, 2022 and 2023, subject to acceleration as set forth in the Registrant's Plan and the Reporting Person's Employment Agreement.
Lapse of forfeiture restrictions on one-third of a RSU award granted on February 6, 2019. Forfeiture restrictions will lapse on the remaining 8,975 RSUs on February 4, 2022, as long as the Reporting Person remains in continuous service during the vesting period, subject to acceleration as set forth in the Registrant's Plan and the Reporting Person's Employment Agreement.
Lapse of forfeiture restrictions on one-third of a RSU award granted on June 8, 2020. Forfeiture restrictions will lapse on the remaining RSUs in two equal installments of 53,333 on each of February 4, 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 Plan and the Reporting Person's Employment Agreement.
Lapse of forfeiture restrictions on the final 4,565 RSUs from this grant made on February 7, 2018.
/s/Joshua Weingard, as Attorney-in-Fact for Anthony Fernando
2021-02-08