SEC Form 4 · accession 0001035267-17-000032
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
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 1:41 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 | 813 | $0.00 | A | 3,036 | D | |
| Common Stock | Feb 16, 2017 | F | 425 | $0.00 | D | 2,611 | 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)F2 | $716.74 | Feb 15, 2017 | A | 3,000 | A | — | Feb 15, 2027 | Common Stock | 3,000 | 3,000 | D |
| Restricted Stock UnitsF3 | $0.00 | Feb 16, 2017 | M | 813 | D | — | Feb 17, 2020 | Common Stock | 813 | 2,437 | D |
| Restricted Stock UnitsF3 | $0.00 | Feb 15, 2017 | A | 2,000 | A | — | Feb 15, 2021 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- 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.