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INTUITIVE SURGICAL INC — Director's Dealing 2017
Oct 25, 2017
29809_dirs_2017-10-25_4d2757b1-5969-408e-9fcf-2e2f1689a63e.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: 2017-10-24
Reporting Person: Samath Jamie (VP & Principal Accounting Offi)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-10-24 | Common Stock | M | 474 | $238.9133 | Acquired | 474 | Direct |
| 2017-10-24 | Common Stock | S | 474 | $371.1863 | Disposed | 0 | Direct |
| 2017-10-24 | Common Stock | M | 104 | $230.9967 | Acquired | 104 | Direct |
| 2017-10-24 | Common Stock | S | 104 | $371.1863 | Disposed | 0 | Direct |
| 2017-10-24 | Common Stock | M | 108 | $178.3867 | Acquired | 108 | Direct |
| 2017-10-24 | Common Stock | S | 108 | $371.1863 | Disposed | 0 | Direct |
| 2017-10-24 | Common Stock | M | 145 | $177.6833 | Acquired | 145 | Direct |
| 2017-10-24 | Common Stock | S | 145 | $371.1863 | Disposed | 0 | Direct |
| 2017-10-24 | Common Stock | M | 148 | $171.3333 | Acquired | 148 | Direct |
| 2017-10-24 | Common Stock | S | 148 | $371.1863 | Disposed | 0 | Direct |
| 2017-10-24 | Common Stock | M | 292 | $153.0467 | Acquired | 292 | Direct |
| 2017-10-24 | Common Stock | S | 292 | $371.1863 | Disposed | 0 | Direct |
| 2017-10-24 | Common Stock | M | 293 | $148.03 | Acquired | 293 | Direct |
| 2017-10-24 | Common Stock | S | 293 | $371.1863 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-10-24 | Non-Qualified Stock Option (right to buy) | $148.03 | M | 293 | Disposed | 2024-02-18 | Common Stock (293) | Direct |
| 2017-10-24 | Non-Qualified Stock Option (right to buy) | $153.0467 | M | 292 | Disposed | 2024-08-15 | Common Stock (292) | Direct |
| 2017-10-24 | Non-Qualified Stock Option (right to buy) | $171.3333 | M | 148 | Disposed | 2025-02-17 | Common Stock (148) | Direct |
| 2017-10-24 | Non-Qualified Stock Option (right to buy) | $177.6833 | M | 145 | Disposed | 2025-08-17 | Common Stock (145) | Direct |
| 2017-10-24 | Non-Qualified Stock Option (right to buy) | $178.3867 | M | 108 | Disposed | 2026-02-16 | Common Stock (108) | Direct |
| 2017-10-24 | Non-Qualified Stock Option (right to buy) | $230.9967 | M | 104 | Disposed | 2026-08-15 | Common Stock (104) | Direct |
| 2017-10-24 | Non-Qualified Stock Option (right to buy) | $238.9133 | M | 474 | Disposed | 2027-02-15 | Common Stock (474) | Direct |
Footnotes
F1: On October 6, 2017, the common stock and equity grants of Intuitive Surgical split 3-for-1, resulting in the reporting person's ownership of the company's stock and equity grants to increase (for every one share owned or granted, 2 additional shares were issued) and the exercise price of stock option grants to decrease to 1/3rd of the original grant price.
F2: These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on May 5, 2017.
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.