SEC Form 4 · accession 0001035267-17-000151
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Levy
Director
Period of report
Oct 24, 2017
Accepted (ET)
Oct 25, 2017 · 3:45 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 | 936 | $123.7733 | A | 7,575 | D | |
| Common StockF1 | Oct 24, 2017 | S | 936 | $371.3504 | D | 6,639 | D | |
| Common StockF1 | Oct 24, 2017 | M | 2,061 | $119.0633 | A | 8,700 | D | |
| Common StockF1 | Oct 24, 2017 | S | 2,061 | $371.3504 | D | 6,639 | 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 | $119.0633 | Oct 24, 2017 | M | 2,061 | D | — | Apr 21, 2021 | Common Stock | 2,061 | 0 | D |
| Non-Qualified Stock Option (right to buy)F1,F3 | $123.7733 | Oct 24, 2017 | M | 936 | D | — | Apr 24, 2024 | Common Stock | 936 | 0 | 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 November 29, 2016.
- F3Non-statutory stock option granted pursuant to the Non-Employee Directors' Stock Option Plan. Option shall vest 100% one year after the date of grant or at the next Shareholders Meeting, whichever should take place first, provided that vesting will cease on termination of the Directors service to the Company.