SEC Form 4 · accession 0001035267-18-000088
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
Jul 24, 2018
Accepted (ET)
Jul 25, 2018 · 2:52 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 | Jul 24, 2018 | M | 20,000 | $111.4333 | A | 31,141 | D | |
| Common StockF2 | Jul 24, 2018 | S | 20,000 | $524.4059 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $111.4333 | Jul 24, 2018 | M | 20,000 | D | — | Feb 16, 2020 | Common Stock | 20,000 | 32,500 | D |
Explanation of responses
- F1These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into by the filer on March 14, 2018.
- F2The average selling price for the transactions was $524.405895 The shares sold at: $521.00 - $521.99 = 1,600 shares; $522.00 - $522.99 = 1,800 shares; $523.00 - $523.99 = 5,600 shares; $524.00 to $524.99 = 3,700 shares; $525.00 - $525.99 = 3,100 shares; $526.00 - $526.99 = 3,500 shares; $527.00 to $527.99 = 700 shares
- 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.