SEC Form 4 · accession 0001035267-17-000148
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
Oct 24, 2017
Accepted (ET)
Oct 25, 2017 · 3:31 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 StockF1 | Oct 24, 2017 | M | 262 | $171.3333 | A | 2,296 | D | |
| Common StockF1 | Oct 24, 2017 | S | 262 | $373.00 | D | 2,034 | 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)F1,F3 | $171.3333 | Oct 24, 2017 | M | 262 | D | — | Feb 17, 2025 | Common Stock | 262 | 1,400 | D |
Explanation of responses
- F1On October 6, 2017, the common stock and equity grants of Intuitive Surgical split 3-for-1, resulting in the reporting person's ownership of the company's stock and equity grants to increase (for every one share owned or granted, 2 additional shares were issued) and the exercise price of stock option grants to decrease to 1/3rd of the original grant price.
- F2These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on May 5, 2017.
- F3Non-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.