SEC Form 4 · accession 0001035267-16-000218
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marshall Mohr
Officer — SVP & CFO
Period of report
Jul 27, 2016
Accepted (ET)
Jul 28, 2016 · 4:15 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 | Jul 27, 2016 | M | 5,000 | $303.27 | A | 6,725 | D | |
| Common StockF2 | Jul 27, 2016 | S | 5,000 | $684.0866 | D | 1,725 | 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 | $303.27 | Jul 27, 2016 | M | 5,000 | D | — | Feb 15, 2018 | Common Stock | 5,000 | 8,200 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on September 11, 2015.
- F2The shares were sold at an average price of $684.086638. The actual selling price of the shares was: $682.00 - $682.99 = 551 shares sold; $683.00 - $683.99 = 2,100 shares sold; $684.00 - $684.99 = 1,649 shares; $685.00 - $685.99 = 300 shares sold; $686.00 - $686.99 = 400 shares sold.
- 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.