SEC Form 4 · accession 0001140361-18-005147
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 1, 2018
Accepted (ET)
Feb 5, 2018 · 7:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001035267
Table I — non-derivative securities
No Table I lines on this filing.
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,F1 | $178.3867 | Feb 1, 2018 | D | 4,119 | D | — | Feb 16, 2026 | Common Stock | 4,119 | 2,631 | D |
| Non-Qualified Stock Option (right to buy)F2,F3 | $230.9967 | Feb 1, 2018 | D | 6,750 | D | — | Aug 15, 2026 | Common Stock | 6,750 | 0 | D |
Explanation of responses
- F1The remaining shares subject to the option will continue to vest as to 1/8th of the shares six months following 2/16/2016 and 1/48th monthly thereafter.
- F2The option was cancelled with respect to the number of shares reported pursuant to an agreement between the reporting person and the issuer. The option cancellation was in partial satisfaction of the terms of a settlement of claims brought in a purported stockholder's derivative lawsuit against the reporting person, among other current and former officers and directors of the issuer, and the issuer as a nominal defendant.
- F3The option was vesting as to 7/48th of the shares one month following 8/15/2016 and 1/48th monthly thereafter immediately prior to cancellation.