SEC Form 4 · accession 0001035267-17-000105
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curet Myriam
Officer — SVP & Chief Medical Officer · Other
Period of report
Jul 25, 2017
Accepted (ET)
Jul 25, 2017 · 7:20 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 25, 2017 | M | 750 | $517.31 | A | 1,428 | D | |
| Common Stock | Jul 25, 2017 | S | 750 | $951.73 | D | 678 | D | |
| Common Stock | Jul 25, 2017 | M | 452 | $514.00 | A | 1,130 | D | |
| Common Stock | Jul 25, 2017 | S | 452 | $947.6681 | D | 678 | 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 | $514.00 | Jul 25, 2017 | M | 452 | D | — | Feb 17, 2025 | Common Stock | 452 | 554 | D |
| Non-Qualified Stock Option (right to buy)F4,F3 | $517.31 | Jul 25, 2017 | M | 750 | D | — | Aug 15, 2022 | Common Stock | 750 | 0 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on May 5, 2017.
- 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.
- F3Non-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.
- F4The sale of these shares was reported in error as a duplicate entry on a form 4 filed on 6/7/17. Three same-day-sale transactions for 750 shares each were reported for this option instead of two.