SEC Form 4 · accession 0001035267-15-000006
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lonnie M Smith
Director
Period of report
Jan 27, 2015
Accepted (ET)
Jan 28, 2015 · 10:53 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001035267
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 27, 2015 | M | 20,000 | $303.27 | A | 260,744 | D | |
| Common StockF1,F2 | Jan 27, 2015 | S | 20,000 | $511.3061 | D | 240,744 | D | |
| Common Stock | holding | — | — | — | 102,031 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $303.27 | Jan 27, 2015 | M | 20,000 | D | — | Feb 15, 2018 | Common Stock | 20,000 | 27,328 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on November 25, 2014.
- F2The shares were sold at an average price of $511.306070. The actual selling price of the shares was: $506.00 - $506.99 - 1000 shares sold; $507.00 - $507.99 - 1500 shares sold; $508.00 - $508.99 - 405 shares; $509.00 - $509.99 - 2340 shares sold; $510.00 - $510.99 - 2960 shares sold; $511 - $511.99 - 4385 shares sold; $512 - $512.99 - 2124 shares sold; $513 - $513.99 - 2001 shares sold; $514 - $514.99 - 864 shares sold; $515 - $515.99 - 2421 shares sold.
- F3Non-statutory stock option granted pursuant to the 2000 Employee Stock Option Plan. Option shall vest 1/8 six months after the date of grant and 1/48th each month thereafter.