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INTUITIVE SURGICAL INC — Director's Dealing 2016
Jun 2, 2016
29809_dirs_2016-06-02_92e55db9-a1cb-443a-b4e4-d330084907bf.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: 2016-06-01
Reporting Person: Brogna Salvatore (EVP - Product Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-06-01 | Common Stock | M | 375.0 | $383.73 | Acquired | 796 | Direct |
| 2016-06-01 | Common Stock | S | 375.0 | $630.39 | Disposed | 421 | Direct |
| 2016-06-01 | Common Stock | M | 195.0 | $459.14 | Acquired | 616 | Direct |
| 2016-06-01 | Common Stock | S | 195.0 | $630.3206 | Disposed | 421 | Direct |
| 2016-06-01 | Common Stock | M | 196.0 | $444.09 | Acquired | 617 | Direct |
| 2016-06-01 | Common Stock | S | 196.0 | $630.3206 | Disposed | 421 | Direct |
| 2016-06-01 | Common Stock | M | 7000.0 | $505.23 | Acquired | 7421 | Direct |
| 2016-06-01 | Common Stock | S | 7000.0 | $632.7497 | Disposed | 421 | Direct |
| 2016-06-01 | Common Stock | M | 765.0 | $514.0 | Acquired | 1186 | Direct |
| 2016-06-01 | Common Stock | S | 765.0 | $632.7497 | Disposed | 421 | Direct |
| 2016-06-01 | Common Stock | M | 7000.0 | $517.31 | Acquired | 7421 | Direct |
| 2016-06-01 | Common Stock | S | 7000.0 | $632.7497 | Disposed | 421 | Direct |
| 2016-06-01 | Common Stock | M | 4875.0 | $569.21 | Acquired | 5296 | Direct |
| 2016-06-01 | Common Stock | S | 4875.0 | $632.7497 | Disposed | 421 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-06-01 | Non-Qualified Stock Option (right to buy) | $383.73 | M | 375.0 | Disposed | 2023-08-15 | Common Stock (375) | Direct |
| 2016-06-01 | Non-Qualified Stock Option (right to buy) | $444.09 | M | 196.0 | Disposed | 2024-02-18 | Common Stock (196) | Direct |
| 2016-06-01 | Non-Qualified Stock Option (right to buy) | $459.14 | M | 195.0 | Disposed | 2024-08-15 | Common Stock (195) | Direct |
| 2016-06-01 | Non-Qualified Stock Option (right to buy) | $505.23 | M | 7000.0 | Disposed | 2022-02-15 | Common Stock (7000) | Direct |
| 2016-06-01 | Non-Qualified Stock Option (right to buy) | $514.0 | M | 765.0 | Disposed | 2025-02-17 | Common Stock (765) | Direct |
| 2016-06-01 | Non-Qualified Stock Option (right to buy) | $517.31 | M | 7000.0 | Disposed | 2022-08-15 | Common Stock (7000) | Direct |
| 2016-06-01 | Non-Qualified Stock Option (right to buy) | $569.21 | M | 4875.0 | Disposed | 2023-02-15 | Common Stock (4875) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 600 | Indirect |
Footnotes
F1: These shares were sold pursuant to a 10b5-1 trading plan adopted by the reporting person on July 31, 2015.
F2: The average selling price for the transactions was $632.749705 The shares sold at: $627.00 - $627.99 = 1,206 shares; $628.00 - $628.99 = 2,770 shares; $629.00 - $629.99 = 424 shares; $630.00 to $630.99 = 640 shares; $631.00 - $631.99 = 1,438 shares; $632.00 - $632.99 = 1,897 shares; $633.00 to $633.99 = 2,499 shares;$634.00 to $634.99 = 3,593 shares;$635.00 to $635.99 = 3,191 shares;$636.00 to $636.99 = 1,676 shares;$637.00 to $637.99 = 306 shares.
F3: 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.
F4: 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.
F5: Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 1/8 six months after the date of grant and 1/48th each month thereafter.