SEC Form 4 · accession 0001035267-15-000046
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerome J McNamara
Officer — EVP Global Comm Ops
Period of report
Apr 27, 2015
Accepted (ET)
Apr 28, 2015 · 12:45 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 27, 2015 | M | 15,000 | $341.19 | A | 18,213 | D | |
| Common StockF2 | Apr 27, 2015 | S | 15,000 | $504.0606 | D | 3,213 | 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)F3 | $341.19 | Apr 27, 2015 | M | 15,000 | D | — | Feb 15, 2021 | Common Stock | 15,000 | 4,769 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on June 12, 2014.
- F2The average selling price for the transactions was $504.060586. The shares sold at: $500.00 - $500.99 = 401 shares; $501.00 to $501.99 = 2,974 shares; $502.00 - $502.99 = 2,677 shares; $503.00 - $503.99 = 1,710 shares; $504.00 - $504.99 = 1,938 shares; $505.00 - $505.99 = 1,400 shares; $506.00 - $506.99 = 2,735 shares; $507.00 - $507.99 = 365 shares; $508.00 - $508.99 = 45 shares; $509.00 - $509.99 = 555 shares; $510.00 - $510.99 = 200 shares.
- F3Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 1/8 six months after the date of grant and 1/48th each month thereafter.