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INTUITIVE SURGICAL INC — Director's Dealing 2014
Sep 3, 2014
29809_dirs_2014-09-03_f674d084-8f5e-4242-ad78-6be036af42ec.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2014-09-02
Reporting Person: Brogna Salvatore (SVP Product Development)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-09-02 | Common Stock | M | 6000.0 | $341.19 | Acquired | 6311 | Direct |
| 2014-09-02 | Common Stock | S | 6000.0 | $472.0639 | Disposed | 311 | Direct |
| 2014-09-02 | Common Stock | M | 4375.0 | $334.3 | Acquired | 4686 | Direct |
| 2014-09-02 | Common Stock | S | 4375.0 | $472.0639 | Disposed | 311 | Direct |
| 2014-09-02 | Common Stock | M | 2251.0 | $383.73 | Acquired | 2562 | Direct |
| 2014-09-02 | Common Stock | S | 2251.0 | $472.0639 | Disposed | 311 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-09-02 | Non-Qualified Stock Option (right to buy) | $334.3 | M | 4375.0 | Disposed | 2020-02-16 | Common Stock (4375) | Direct |
| 2014-09-02 | Non-Qualified Stock Option (right to buy) | $383.73 | M | 2251.0 | Disposed | 2023-08-15 | Common Stock (2251) | Direct |
| 2014-09-02 | Non-Qualified Stock Option (right to buy) | $569.21 | M | 6000.0 | Disposed | 2023-02-15 | Common Stock (6000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 600 | Indirect |
Footnotes
F1: These options were exercised and the underlying shares sold pursuant to a 10b5-1 trading plan adopted by the reporting person on June 12, 2014.
F2: The average selling price for the transactions was $472.063898. The shares sold at: $469.00 - $469.99 = 300 shares; $470.00 to $470.99 = 1600 shares; $471.00 - $471.99 = 4903 shares; $472.00 - $472.99 = 2837 shares; $473.00 - $473.99 = 2151 shares; $474.00 - $474.99 = 835
F3: Non-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.
F4: Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. Option shall vest 7/48 one month after the date of grant and 1/48th each month thereafter.