SEC Form 4 · accession 0001035267-17-000040

INTUITIVE SURGICAL INC · ISRG

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

Reporting owner

Officer — SVP General Counsel & CCO

Period of report

Feb 17, 2017

Accepted (ET)

Feb 22, 2017 · 1:15 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
Common Stock	Feb 17, 2017	M	569	$0.00	A	2,274	D
Common Stock	Feb 17, 2017	F	217	$0.00	D	2,057	D
Common Stock	Feb 21, 2017	M	500	$0.00	A	2,557	D
Common Stock	Feb 21, 2017	M	1,500	$334.30	A	4,057	D
Common Stock	Feb 21, 2017	S	1,500	$724.636	D	2,557	D
Common Stock	Feb 21, 2017	M	750	$334.30	A	3,307	D
Common Stock	Feb 21, 2017	S	750	$724.468	D	2,557	D
Common Stock	Feb 21, 2017	M	750	$334.30	A	3,307	D
Common Stock	Feb 21, 2017	S	750	$724.5687	D	2,557	D
Common Stock	Feb 21, 2017	M	750	$334.30	A	3,307	D
Common Stock	Feb 21, 2017	S	750	$724.6327	D	2,557	D
Common Stock	Feb 21, 2017	M	5,000	$383.73	A	7,557	D
Common Stock	Feb 21, 2017	S	5,000	$725.00	D	2,557	D
Common Stock	Feb 21, 2017	F	261	$0.00	D	2,296	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)^F4	$334.30	Feb 21, 2017	M	1,500	D	—	Feb 16, 2020	Common Stock	1,500	10,250	D
Non-Qualified Stock Option (right to buy)^F4	$334.30	Feb 21, 2017	M	750	D	—	Feb 16, 2020	Common Stock	750	9,500	D
Non-Qualified Stock Option (right to buy)^F4	$334.30	Feb 21, 2017	M	750	D	—	Feb 16, 2020	Common Stock	750	8,750	D
Non-Qualified Stock Option (right to buy)^F4	$334.30	Feb 21, 2017	M	750	D	—	Feb 16, 2020	Common Stock	750	8,000	D
Non-Qualified Stock Option (right to buy)^F5	$383.73	Feb 21, 2017	M	5,000	D	—	Aug 15, 2023	Common Stock	5,000	1,000	D
Restricted Stock Units^F6	$0.00	Feb 21, 2017	M	500	D	—	Feb 18, 2018	Common Stock	500	500	D
Restricted Stock Units^F6	$0.00	Feb 17, 2017	M	569	D	—	Feb 17, 2019	Common Stock	569	1,137	D

F1On 2/17/15, 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 2/17/17, 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
F2These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on June 3, 2016.
F3On 2/18/14, 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 2/21/17, 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
F4Non-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.
F5Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. Option shall vest 7/48 one month after the date of grant and 1/48th each month thereafter.
F6Each 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.