SEC Form 4 · accession 0001035267-17-000030

INTUITIVE SURGICAL INC · ISRG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP & Principal Accounting Offi

Period of report

Feb 15, 2017

Accepted (ET)

Feb 17, 2017 · 1:11 pm EST

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	Feb 16, 2017	M	282	$0.00	A	330	D
Common Stock	Feb 16, 2017	F	106	$0.00	D	224	D

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)^F2	$716.74	Feb 15, 2017	A	950	A	—	Feb 15, 2027	Common Stock	950	950	D
Restricted Stock Units^F3	$0.00	Feb 16, 2017	M	282	D	—	Feb 17, 2020	Common Stock	282	843	D
Restricted Stock Units^F3	$0.00	Feb 15, 2017	A	633	A	—	Feb 15, 2021	Common Stock	633	633	D

F1On 2/16/16, RSU shares were granted, vesting 25% per year over a four year period. RSUs convert into common stock on the vest date on a one-for-one basis. On 2/16/17, 25% of the shares were released and a portion of the shares were held back to cover the statutory tax withholding requirement. The net shares were deposited into the holders account
F2Non-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.
F3Each 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.