Rampertab Shameze - 04 Feb 2022 Form 4 Insider Report for ASENSUS SURGICAL, INC.

Role
EVP, Chief Financial Officer
Signature
/s/ Joshua Weingard, as attorney-in-fact for Shameze Rampertab
Issuer symbol
N/A
Transactions as of
04 Feb 2022
Net transactions value
-$21,369
Form type
4
Filing time
07 Feb 2022, 16:20:42 UTC
Previous filing
02 Jul 2021
Next filing
05 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASXC Common Stock Options Exercise $0 +98,608 +814% $0.000000 110,717 04 Feb 2022 Direct
transaction ASXC Common Stock Tax liability $21,369 -26,711 -24% $0.8000 84,006 04 Feb 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASXC Stock Options Award $0 +222,500 $0.000000 222,500 04 Feb 2022 Common Stock 222,500 $0.8000 Direct F2
transaction ASXC Restricted Stock Units Award $0 +187,250 $0.000000 187,250 04 Feb 2022 Common Stock 187,250 $0.000000 Direct F3, F4
transaction ASXC Restricted Stock Units Award $0 +187,250 $0.000000 187,250 04 Feb 2022 Common Stock 187,250 $0.000000 Direct F5, F6
transaction ASXC Restricted Stock Units Award $0 +84,270 $0.000000 84,270 04 Feb 2022 Common Stock 84,270 $0.000000 Direct F3, F7
transaction ASXC Restricted Stock Units Options Exercise $0 -19,704 -33% $0.000000 39,408 04 Feb 2022 Common Stock 19,704 $0.000000 Direct F3, F8
transaction ASXC Restricted Stock Units Options Exercise $0 -19,704 -33% $0.000000 39,408 04 Feb 2022 Common Stock 19,704 $0.000000 Direct F5, F9
transaction ASXC Restricted Stock Units Options Exercise $0 -59,200 -100% $0.000000* 0 04 Feb 2022 Common Stock 59,200 $0.000000 Direct F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Vests one-third annually on each of February 4, 2023, 2024 and 2025, 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, 2023, 2024 and 2025, 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, 2023, 2024 and 2025, and performance-based vesting only if designated corporate goals are met.
F7 Represents a discretionary retention bonus. Forfeiture restrictions will lapse on the RSUs on February 4, 2023, as long as the Reporting Person remains in continuous service during the vesting period.
F8 Lapse of forfeiture on one-third of an award of RSUs from this grant made on February 8, 2021. Forfeiture restrictions will lapse on the remaining RSUs in two equal installments on February 4, 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 Registrant's Plan and the Reporting Person's Employment Agreement.
F9 Lapse of forfeiture restrictions on one-third of a PRSU award granted on February 8, 2021, upon the achievement of time and performance goals. Forfeiture restrictions will lapse on the remaining PRSUs in two equal installments on each of February 4, 2023 and 2024, as long as the Reporting Person provides continuous service during the vesting period, subject to acceleration as set forth in the Registrant's Plan and the Reporting Person's Employment Agreement.
F10 Lapse of forfeiture restrictions on a discretionary retention award made on February 8, 2021.