SEC Form 4 · accession 0001035267-15-000065
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary S Guthart
Officer — President & CEO · Director
Period of report
Jun 8, 2015
Accepted (ET)
Jun 9, 2015 · 3:51 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 | Jun 8, 2015 | M | 25,000 | $106.69 | A | 70,444 | D | |
| Common StockF2 | Jun 8, 2015 | S | 17,840 | $492.1561 | D | 52,604 | 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 | $106.69 | Jun 8, 2015 | M | 25,000 | D | — | Feb 7, 2016 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1These options were exercised and the underlying shares were sold pursuant to a 10b5-1 trading plan adopted by the reporting person on May 6, 2015.
- F2The average selling price for the transactions was $492.156107. The shares sold at: $490.00 - $490.99 = 4,209 shares; $491.00 - $491.99 = 6,892 shares; $492.00 - $492.99 = 1,284 shares; $493.00 - $493.99 = 2,555 shares; $494.00 - $494.99 = 1,200 shares; $495.00 - $495.99 = 1,100 shares; $496.00 - $496.99 = 600 shares;
- F3Non-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.