SEC Form 4 · accession 0001035267-17-000150
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig H Barratt
Director · Other
Period of report
Oct 24, 2017
Accepted (ET)
Oct 25, 2017 · 3:42 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 | Oct 24, 2017 | M | 7,500 | $119.0633 | A | 7,500 | D | |
| Common Stock | Oct 24, 2017 | S | 7,500 | $371.1598 | D | 0 | D | |
| Common StockF2 | Oct 24, 2017 | M | 7,500 | $119.0633 | A | 7,500 | D | |
| Common StockF2 | Oct 24, 2017 | S | 7,500 | $371.2033 | D | 0 | D | |
| Common Stock | holding | — | — | — | 6,423 | I | by Trust |
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,F3 | $119.0633 | Oct 24, 2017 | M | 7,500 | D | — | Apr 21, 2021 | Common Stock | 7,500 | 15,000 | D |
| Non-Qualified Stock Option (right to buy)F2,F3 | $119.0633 | Oct 24, 2017 | M | 7,500 | D | — | Apr 21, 2021 | Common Stock | 7,500 | 7,500 | D |
Explanation of responses
- F1The shares were sold subject to a 10b5-1 trading plan established on 08-24-17.
- F2On 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.
- F3Non-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.