SEC Form 4 · accession 0001035267-15-000072
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lonnie M Smith
Director
Period of report
Jul 24, 2015
Accepted (ET)
Jul 27, 2015 · 12:13 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 | Jul 24, 2015 | M | 12,672 | $334.30 | A | 260,712 | D | |
| Common StockF1,F2 | Jul 24, 2015 | S | 12,672 | $544.6178 | D | 248,040 | D | |
| Common Stock | Jul 24, 2015 | M | 7,328 | $303.27 | A | 255,368 | D | |
| Common StockF1,F2 | Jul 24, 2015 | S | 7,328 | $544.6178 | D | 248,040 | D | |
| Common Stock | holding | — | — | — | 89,770 | 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)F3 | $303.27 | Jul 24, 2015 | M | 7,328 | D | — | Feb 15, 2018 | Common Stock | 7,328 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $334.30 | Jul 24, 2015 | M | 12,672 | D | — | Feb 16, 2020 | Common Stock | 12,672 | 5,328 | 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 $544.617752. The shares sold at: $523.00 - $523.99 = 95 shares; $524.00 to $524.99 = 5 shares; $529.00 - $529.99 = 500 shares; $540.00 - $540.99 = 500 shares; $541.00 - $541.99 = 600 shares; $542.00 - $542.99 = 1,100 shares; $543.00 - $543.99 = 2,849 shares; 544.00 - $544.99 = 7,752 shares; 545.00 - $545.99 = 2,250 shares; $546.00 - $546.99 = 800 shares; $547.00 - $547.99 = 349 shares; $548.00 - $548.99 = 800 shares;$549.00 - $549.99 = 1,400 shares; $550.00 - $550.99 = 600 shares; and $551.00 - $551.99 = 400 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.