SEC Form 4 · accession 0001035267-15-000021

INTUITIVE SURGICAL INC · ISRG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP General Counsel & CCO

Period of report

Feb 17, 2015

Accepted (ET)

Feb 19, 2015 · 2:43 pm 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^F1	Feb 18, 2015	M	500	$0.00	A	1,191	D
Common Stock	Feb 18, 2015	F	195	$512.86	D	996	D

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)^F2	$514.00	Feb 17, 2015	A	1,838	A	—	Feb 17, 2025	Common Stock	1,838	1,838	D
Restricted Stock Units^F3	$0.00	Feb 18, 2015	M	500	D	—	Feb 18, 2018	Common Stock	500	1,500	D
Restricted Stock Units^F3	$0.00	Feb 17, 2015	A	2,275	A	—	Feb 17, 2019	Common Stock	2,275	2,275	D

F1On 2/18/14, RSU shares were granted, vesting 25% per year over a four year period. RSUs convect into common stock on the grant date on a one-for-one basis. On 2/18/15, 25% of the shares were released and a portion of the shares were held back to cover the statutory tax withholding requirement. The net shares were deposited into the holders account.
F2Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly thereafter.
F3Each Restricted Stock Unit, granted pursuant to the 2010 Employee Stock Option Plan, represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period of time.