SEC Form 4 · accession 0001035267-15-000025
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curet Myriam
Officer — SVP & Chief Medical Officer · Other
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 3:43 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 StockF1 | Feb 18, 2015 | M | 417 | $0.00 | A | 480 | D | |
| Common Stock | Feb 18, 2015 | F | 156 | $512.86 | D | 324 | D |
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)F2 | $514.00 | Feb 17, 2015 | A | 1,400 | A | — | Feb 17, 2025 | Common Stock | 1,400 | 1,400 | D |
| Restricted Stock UnitsF3 | $0.00 | Feb 18, 2015 | M | 417 | D | — | Feb 18, 2018 | Common Stock | 417 | 1,250 | D |
| Restricted Stock UnitsF3 | $0.00 | Feb 17, 2015 | A | 1,733 | A | — | Feb 17, 2019 | Common Stock | 1,733 | 1,733 | D |
Explanation of responses
- 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.