CPMG Inc - 17 Sep 2021 Form 4 Insider Report for PROCEPT BioRobotics Corp (PRCT)

Role
10%+ Owner
Signature
/s/ John Bateman, as Chief Operating Officer of CPMG, Inc.
Issuer symbol
PRCT
Transactions as of
17 Sep 2021
Transactions value $
$11,000,000
Form type
4
Filing time
21 Sep 2021, 18:34:24 UTC
Previous filing
14 Sep 2021
Next filing
19 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCT Common Stock Conversion of derivative security +10,084,910 +1,445% 10,782,662 17 Sep 2021 By White Tailed Ptarmigan, LP F1, F2
transaction PRCT Common Stock Purchase $11,000,000 +440,000 +4.1% $25 11,222,662 17 Sep 2021 By White Tailed Ptarmigan, LP F2, F3

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 PRCT Series D Convertible Preferred Stock Conversion of derivative security -4,712,969 -100% 0 17 Sep 2021 Common Stock 4,712,969 By White Tailed Ptarmigan, LP F1, F2
transaction PRCT Series E Convertible Preferred Stock Conversion of derivative security -3,038,934 -100% 0 17 Sep 2021 Common Stock 3,038,934 By White Tailed Ptarmigan, LP F1, F2
transaction PRCT Series F Convertible Preferred Stock Conversion of derivative security -2,060,802 -100% 0 17 Sep 2021 Common Stock 2,060,802 By White Tailed Ptarmigan, LP F1, F2
transaction PRCT Series G Convertible Preferred Stock Conversion of derivative security -272,205 -100% 0 17 Sep 2021 Common Stock 272,205 By White Tailed Ptarmigan, LP F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock and Series G Preferred Stock converted automatically into one share of Common Stock upon the closing of the Issuer's initial public offering. These shares had no expiration date.
F2 CPMG, Inc. is the general partner of White Tailed Ptarmigan, LP and has voting and investment control over the shares beneficially owned by White Tailed Ptarmigan, LP. Antal Desai, a member of our board of directors and a Partner of CPMG, Inc., along with Kent McGaughy, Jr., the sole shareholder and managing director of CPMG, Inc., may be deemed to share voting and investment power with respect to the shares beneficially owned by White Tailed Ptarmigan, LP. Each of Mr. Desai and Mr. McGaughy, Jr. disclaims beneficial ownership of the shares beneficially owned by White Tailed Ptarmigan, LP except to the extent of any pecuniary interest therein. Antal Desai is separately reporting his deemed indirect ownership of the shares held by White Tailed Ptarmigan, LP.
F3 Represents a purchase in the Issuer's public offering.