SEC Form 4 · accession 0001035267-16-000209
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Salvatore Brogna
Officer — EVP - Product Operations
Period of report
Jun 1, 2016
Accepted (ET)
Jun 2, 2016 · 1:15 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 1, 2016 | M | 375 | $383.73 | A | 796 | D | |
| Common Stock | Jun 1, 2016 | S | 375 | $630.39 | D | 421 | D | |
| Common Stock | Jun 1, 2016 | M | 195 | $459.14 | A | 616 | D | |
| Common Stock | Jun 1, 2016 | S | 195 | $630.3206 | D | 421 | D | |
| Common Stock | Jun 1, 2016 | M | 196 | $444.09 | A | 617 | D | |
| Common Stock | Jun 1, 2016 | S | 196 | $630.3206 | D | 421 | D | |
| Common Stock | Jun 1, 2016 | M | 7,000 | $505.23 | A | 7,421 | D | |
| Common StockF2 | Jun 1, 2016 | S | 7,000 | $632.7497 | D | 421 | D | |
| Common Stock | Jun 1, 2016 | M | 765 | $514.00 | A | 1,186 | D | |
| Common StockF2 | Jun 1, 2016 | S | 765 | $632.7497 | D | 421 | D | |
| Common Stock | Jun 1, 2016 | M | 7,000 | $517.31 | A | 7,421 | D | |
| Common StockF2 | Jun 1, 2016 | S | 7,000 | $632.7497 | D | 421 | D | |
| Common Stock | Jun 1, 2016 | M | 4,875 | $569.21 | A | 5,296 | D | |
| Common StockF2 | Jun 1, 2016 | S | 4,875 | $632.7497 | D | 421 | D | |
| Common Stock | holding | — | — | — | 600 | I | by Father |
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 | $383.73 | Jun 1, 2016 | M | 375 | D | — | Aug 15, 2023 | Common Stock | 375 | 1,125 | D |
| Non-Qualified Stock Option (right to buy)F4 | $444.09 | Jun 1, 2016 | M | 196 | D | — | Feb 18, 2024 | Common Stock | 196 | 1,367 | D |
| Non-Qualified Stock Option (right to buy)F3 | $459.14 | Jun 1, 2016 | M | 195 | D | — | Aug 15, 2024 | Common Stock | 195 | 1,367 | D |
| Non-Qualified Stock Option (right to buy)F4 | $505.23 | Jun 1, 2016 | M | 7,000 | D | — | Feb 15, 2022 | Common Stock | 7,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F4 | $514.00 | Jun 1, 2016 | M | 765 | D | — | Feb 17, 2025 | Common Stock | 765 | 1,685 | D |
| Non-Qualified Stock Option (right to buy)F3 | $517.31 | Jun 1, 2016 | M | 7,000 | D | — | Aug 15, 2022 | Common Stock | 7,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F5 | $569.21 | Jun 1, 2016 | M | 4,875 | D | — | Feb 15, 2023 | Common Stock | 4,875 | 1,125 | D |
Explanation of responses
- F1These shares were sold pursuant to a 10b5-1 trading plan adopted by the reporting person on July 31, 2015.
- F2The average selling price for the transactions was $632.749705 The shares sold at: $627.00 - $627.99 = 1,206 shares; $628.00 - $628.99 = 2,770 shares; $629.00 - $629.99 = 424 shares; $630.00 to $630.99 = 640 shares; $631.00 - $631.99 = 1,438 shares; $632.00 - $632.99 = 1,897 shares; $633.00 to $633.99 = 2,499 shares;$634.00 to $634.99 = 3,593 shares;$635.00 to $635.99 = 3,191 shares;$636.00 to $636.99 = 1,676 shares;$637.00 to $637.99 = 306 shares.
- F3Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. Option shall vest 7/48 one month after the date of grant and 1/48th each month thereafter.
- F4Non-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.
- F5Non-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.