SEC Form 4 · accession 0001035267-17-000103
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Friedman
Director
Period of report
Jul 24, 2017
Accepted (ET)
Jul 25, 2017 · 5:58 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 24, 2017 | M | 325 | $0.00 | A | 977 | D | |
| Common Stock | Jul 25, 2017 | M | 1,000 | $557.20 | A | 1,977 | D | |
| Common Stock | Jul 25, 2017 | S | 1,000 | $945.603 | D | 977 | 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 | $557.20 | Jul 25, 2017 | M | 1,000 | D | — | Jul 23, 2025 | Common Stock | 1,000 | 575 | D |
| Restricted Stock UnitsF3 | $0.00 | Jul 24, 2017 | M | 325 | D | — | Jul 23, 2019 | Common Stock | 325 | 325 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on June 12, 2017.
- F2Non-statutory stock option granted pursuant to the Non-Employee Directors' Stock Option Plan. Option shall vest 1/3rd one year after the date of grant and 1/36th each month thereafter.
- F31/3 of the grant will vest on the anniversary date of the grant over a three year period, provided however that vesting will cease on termination of the Director's service to the company.