SEC Form 4 · accession 0001035267-16-000198
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark J Meltzer
Officer — SVP General Counsel & CCO
Period of report
Apr 27, 2016
Accepted (ET)
Apr 29, 2016 · 12:57 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, 2016 | M | 12,500 | $303.27 | A | 14,081 | D | |
| Common StockF1,F2 | Apr 27, 2016 | S | 12,500 | $631.7586 | D | 1,581 | D | |
| Common Stock | Apr 27, 2016 | M | 2,500 | $309.46 | A | 4,081 | D | |
| Common StockF1,F3 | Apr 27, 2016 | S | 2,500 | $630.5003 | D | 1,581 | D | |
| Common Stock | Apr 27, 2016 | M | 1,625 | $309.46 | A | 3,206 | D | |
| Common StockF1,F4 | Apr 27, 2016 | S | 1,625 | $631.2289 | D | 1,581 | 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)F5 | $303.27 | Apr 27, 2016 | M | 12,500 | D | — | Feb 15, 2018 | Common Stock | 12,500 | 0 | D |
| Non-Qualified Stock Option (right to buy)F5 | $309.46 | Apr 27, 2016 | M | 2,500 | D | — | Nov 7, 2017 | Common Stock | 2,500 | 1,625 | D |
| Non-Qualified Stock Option (right to buy)F5 | $309.46 | Apr 27, 2016 | M | 1,625 | D | — | Nov 7, 2017 | Common Stock | 1,625 | 0 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on June 10, 2015.
- F2The average selling price for the transactions was $631.758585 The shares sold at: $627.00 - $627.99 - 867 shares; $628.00 - $628.99 - 633 shares; $629.00 - $629.99 - 196 shares; $630.00 to $630.99 = 3,657 shares; $631.00 - $631.99 - 317 shares; $632.00 - $632.99 - 1,930 shares; $633.00 to $633.99 = 3,500 shares; $634.00 to $634.99 = 1,400 shares
- F3The average selling price for the transactions was $630.50026 The shares sold at: $628.00 - $628.99 - 600 shares; $629.00 - $629.99 - 700 shares; $630.00 to $630.99 = 200 shares; $631.00 - $631.99 - 699 shares; $635.00 to $635.99 = 301 shares
- F4The average selling price for the transactions was $631.22888 The shares sold at: $628.00 - $628.99 - 400 shares; $629.00 - $629.99 - 475 shares; $630.00 to $630.99 = 120 shares; $631.00 - $631.99 - 190 shares; $635.00 to $635.99 = 440 shares
- F5Non-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.