SEC Form 4 · accession 0001035267-19-000013
INTUITIVE SURGICAL INC · ISRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary S Guthart
Officer — President & CEO · Director
Period of report
Feb 4, 2019
Accepted (ET)
Feb 5, 2019 · 5:41 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 4, 2019 | M | 40,833 | $111.4333 | A | 379,452 | D | |
| Common StockF2 | Feb 4, 2019 | S | 28,152 | $520.4671 | D | 351,300 | 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 | Feb 4, 2019 | M | 40,833 | D | — | Feb 16, 2020 | Common Stock | 40,833 | 30,833 | D |
Explanation of responses
- F1These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on November 4, 2019.
- F2The average selling price for the transactions was $520.467064 The shares sold at: $518.00 - $518.99 = 6,498; shares; $519.00 - $519.99 = 2,942 shares; $520.00 - $520.99 = 6,959 shares; $521.00 - $521.99 = 7,587 shares; $522.00 - $522.99 = 1,094 shares; $523.00 - $523.99 = 3,072 shares.
- F3Non-statutory stock option granted pursuant to the 2000 Employee Stock Option Plan. Option shall vest 1/8 six months after the date of grant and 1/48th each month thereafter.