SEC Form 4 · accession 0001035267-16-000219
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curet Myriam
Officer — SVP & Chief Medical Officer · Other
Period of report
Jul 27, 2016
Accepted (ET)
Jul 28, 2016 · 4:17 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 | 3,000 | $505.23 | A | 3,133 | D | |
| Common StockF1,F2 | Jul 27, 2016 | S | 3,000 | $684.3392 | D | 133 | D | |
| Common Stock | Jul 27, 2016 | M | 1,250 | $444.09 | A | 1,383 | D | |
| Common StockF1,F3 | Jul 27, 2016 | S | 1,250 | $684.5276 | D | 133 | 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)F4 | $444.09 | Jul 27, 2016 | M | 1,250 | D | — | Feb 18, 2024 | Common Stock | 1,250 | 1,250 | D |
| Non-Qualified Stock Option (right to buy)F4 | $505.23 | Jul 27, 2016 | M | 3,000 | D | — | Feb 15, 2022 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1These options were exercised and the underlying shares sold pursuant to a 10b5-1 trading plan adopted by the reporting person on April 27, 2015.
- F2The shares were sold at an average price of $684.3392. The actual selling price of the shares was: $682.00 - $682.99 = 200 shares sold; $683.00 - $683.99 = 1,058 shares sold; $684.00 - $684.99 = 1,342 shares; $685.00 - $685.99 = 200 shares sold; $686.00 - $686.99 = 200 shares sold.
- F3The shares were sold at an average price of $684.5276. The actual selling price of the shares was: $682.00 - $682.99 = 300 shares sold; $683.00 - $683.99 = 200 shares sold; $684.00 - $684.99 = 600 shares; $687.00 - $687.99 = 150 shares sold.
- 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.