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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Options (3) | $ 0.26 | 08/22/2024 | D | 396,800 | (3) | (3) | Common Stock | 396,800 | $ 0 | 0 | D | ||||
| Restricted Stock Units (4) (6) | $ 0 | 08/22/2024 | D | 116,666 | (6) | (6) | Common Stock | 116,666 | $ 0 | 0 | D | ||||
| Restricted Stock Units (4) (6) | $ 0 | 08/22/2024 | D | 62,417 | (6) | (6) | Common Stock | 62,417 | $ 0 | 0 | D | ||||
| Restricted Stock Units (5) (6) | $ 0 | 08/22/2024 | D | 330,300 | (6) | (6) | Common Stock | 330,300 | $ 0 | 0 | D | ||||
| Restricted Stock Units (4) (6) | $ 0 | 08/22/2024 | D | 660,600 | (6) | (6) | Common Stock | 660,600 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Shameze Rampertab C/O ASENSUS SURGICAL, INC. 1 TW ALEXANDER DRIVE, SUITE 160 DURHAM, NC 27703 |
EVP, Chief Financial Officer | |||
| /s/ Joshua Weingard as attorney-in-fact for Shameze Rampertab | 08/22/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The reported securities were disposed of pursuant to the terms of an Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 6, 2024, by and among Asensus Surgical, Inc., a Delaware corporation ("Asensus"), KARL STORZ Endoscopy-America, Inc., a California corporation ("Parent"), and Karl Storz California Inc., a California corporation ("Merger Sub"), pursuant to which Merger Sub merged with and into Asensus with Asensus as the surviving corporation of the merger (the "Merger"). Upon the effective time of the Merger, the reporting person received $0.35 in cash, without interest and less applicable withholding taxes for each share of common stock. |
| (2) | The reported securities include 179,084 shares of common stock issued upon the acceleration and vesting of performance-based restricted stock units. |
| (3) | Upon the closing of the Merger, these equity awards are cancelled and converted into the contingent right to receive a cash payment of $0.09 per underlying share of common stock only upon satisfaction of all vesting conditions. |
| (4) | Each restricted stock unit ("RSU") represents the right to receive one share of the Registrant's common stock. |
| (5) | Each performance-based restricted stock unit ("PRSU") represents the right to receive one share of the Registrant's common stock. |
| (6) | Upon the closing of the Merger, these equity awards are cancelled and converted into the contingent right to receive a cash payment of $0.35 per underlying share of common stock only upon satisfaction of all vesting conditions. |