SEC Form 4 · accession 0001035267-15-000041
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lonnie M Smith
Director
Period of report
Apr 23, 2015
Accepted (ET)
Apr 27, 2015 · 12:12 pm EDT
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 | Apr 24, 2015 | M | 20,000 | $303.27 | A | 260,744 | D | |
| Common StockF1,F2 | Apr 24, 2015 | S | 20,000 | $508.0302 | D | 240,744 | D | |
| Common StockF3 | Apr 24, 2015 | M | 500 | $0.00 | A | 241,244 | 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)F4 | $303.27 | Apr 24, 2015 | M | 20,000 | D | — | Feb 15, 2018 | Common Stock | 20,000 | 7,328 | D |
| Non-Qualified Stock Option (right to buy)F5 | $512.77 | Apr 23, 2015 | A | 1,050 | A | — | Apr 23, 2025 | Common Stock | 1,050 | 1,050 | D |
| Restricted Stock UnitsF6 | $0.00 | Apr 24, 2015 | M | 500 | D | — | Apr 25, 2018 | Common Stock | 500 | 0 | D |
| Restricted Stock UnitsF6 | $0.00 | Apr 23, 2015 | A | 650 | A | — | Apr 23, 2019 | Common Stock | 650 | 650 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on November 25, 2014.
- F2The average selling price for the transactions was $508.030228. The shares sold at: $05.00 - $505.99 = 3,434 shares; $506.00 to $506.99 = 4,100 shares; $507.00 - $507.99 = 1,942 shares; $508.00 - $508.99 = 4,944 shares; $509.00 - $509.99 = 2,506 shares; $510.00 - $510.99 = 1,654 shares; $511.00 - $511.99 = 460 shares; $512.00 = $512.99 = 800 shares; $514.00 - $514.99 = 160 shares.
- F3On 4/24/14, RSU shares were granted, vesting 100% one year from date of grant. RSUs convert into common stock on the vest date on a one-for-one basis. On 4/24/15, 100% of the shares were released and deposited into the holders account.
- F4Non-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.
- F5Non-statutory stock option granted pursuant to the Non-Employee Directors' Stock Option Plan. Option shall vest 100% one year after the date of grant date.
- F6Restricted Stock Units (RSUs) are granted pursuant to the 2010 Incentive Award Plan. The RSUs fully vest on the first anniversary of the date of grant.