SEC Form 4 · accession 0001035267-15-000054
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
May 27, 2015
Accepted (ET)
May 27, 2015 · 6:12 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 | May 27, 2015 | M | 1,000 | $334.30 | A | 1,021 | D | |
| Common StockF1,F2 | May 27, 2015 | S | 1,000 | $489.3497 | D | 21 | 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 | $334.30 | May 27, 2015 | M | 1,000 | D | — | Feb 16, 2020 | Common Stock | 1,000 | 1,000 | D |
Explanation of responses
- F1These options were exercised and the underlying shares sold pursuant to a 10b5-1 trading plan adopted by the reporting person on April 27, 2015.
- F2The average selling price for the transactions was $489.34965. The shares sold at: $486.00 - $486.99 = 51 shares; $487.00 to $487.99 = 219 shares; $488.00 - $488.99 = 30 shares; $489.00 - $489.99 = 300 shares; $490.00 - $490.99 = 400 shares.
- F3Non-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.