SEC Form 4 · accession 0001035267-18-000025
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J. Rosa
Officer — EVP & Chief Commercial Officer
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 11:07 am 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 16, 2018 | M | 2,437 | $0.00 | A | 10,418 | D | |
| Common Stock | Feb 16, 2018 | F | 1,209 | $0.00 | D | 9,209 | D | |
| Common Stock | Feb 17, 2018 | M | 2,274 | $0.00 | A | 11,483 | D | |
| Common Stock | Feb 17, 2018 | F | 1,128 | $0.00 | D | 10,355 | D | |
| Common Stock | Feb 18, 2018 | M | 1,560 | $0.00 | A | 11,915 | D | |
| Common Stock | Feb 18, 2018 | F | 774 | $0.00 | D | 11,141 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5 | $0.00 | Feb 18, 2018 | M | 1,560 | D | — | Feb 18, 2018 | Common Stock | 1,560 | 0 | D |
| Restricted Stock UnitsF5 | $0.00 | Feb 17, 2018 | M | 2,274 | D | — | Feb 17, 2019 | Common Stock | 2,274 | 2,274 | D |
| Restricted Stock UnitsF5 | $0.00 | Feb 16, 2018 | M | 2,437 | D | — | Feb 17, 2020 | Common Stock | 2,437 | 4,874 | D |
Explanation of responses
- F1On 2/18/14, 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 2/21/17, 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
- F2On 2/16/16, 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 2/16/18, 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
- F3On 2/17/15, RSU shares were granted, vesting 25% per year over a four year period. RSUs convert into common stock on the grant date on a one-for-one basis. On 2/17/18, 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
- F4On 2/18/14, RSU shares were granted, vesting 25% per year over a four year period. RSUs convert into common stock on the grant date on a one-for-one basis. On 2/18/18, 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.
- F5Each 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.