SEC Form 4 · accession 0001035267-16-000222
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J. Rosa
Officer — EVP & Chief Commercial Officer
Period of report
Aug 8, 2016
Accepted (ET)
Aug 9, 2016 · 3:28 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 | Aug 8, 2016 | M | 375 | $0.00 | A | 2,476 | D | |
| Common StockF1 | Aug 8, 2016 | F | 189 | $0.00 | D | 2,287 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | Aug 8, 2016 | M | 375 | D | — | Aug 7, 2018 | Common Stock | 375 | 750 | D |
Explanation of responses
- F1On 8/7/14, RSU shares were granted, vesting 25% per year over a four year period. RSUs convert into common stock on the grant date on a one-for-one basis. On 8/8/16 25% of the shares were vested and released. A portion of the shares were held back to cover the statutory tax withholding requirement and the net shares were deposited into the holders account.
- F2Each Restricted Stock Unit, granted pursuant to the 2010 Employee Stock Option Plan, represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period of time.