SEC Form 4 · accession 0001035267-18-000022
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marshall Mohr
Officer — SVP & CFO
Period of report
Feb 15, 2018
Accepted (ET)
Feb 16, 2018 · 4:01 pm EST
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 | Feb 15, 2018 | M | 1,251 | $0.00 | A | 7,647 | D | |
| Common Stock | Feb 15, 2018 | F | 621 | $0.00 | D | 7,026 | D | |
| Common Stock | holding | — | — | — | 726 | I | by Son |
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 | $418.56 | Feb 15, 2018 | A | 4,250 | A | — | Feb 15, 2028 | Common Stock | 4,250 | 4,250 | D |
| Restricted Stock UnitsF3 | $0.00 | Feb 15, 2018 | M | 1,251 | D | — | Feb 15, 2021 | Common Stock | 1,251 | 3,750 | D |
| Restricted Stock UnitsF3 | $0.00 | Feb 15, 2018 | A | 2,833 | A | — | Feb 15, 2022 | Common Stock | 2,833 | 2,833 | D |
Explanation of responses
- F1On 2/15/2017, RSU shares were granted, vesting 25% per year over a four year period. RSUs convert into common stock on the vest date on a one-for-one basis. On 2/15/18, 25% of the shares were released and a portion of the shares were held back to cover the statutory tax withholding requirement. The net shares were deposited into the holders account.
- 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.
- F3Each Restricted Stock Unit, granted pursuant to the 2010 Employee Stock Option Plan, represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period of time.