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INTUITIVE SURGICAL INC — Director's Dealing 2020
Feb 19, 2020
29809_dirs_2020-02-19_31fafd3d-6d0d-431b-ab8d-d4ccc9b384c2.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: 2020-02-15
Reporting Person: Myriam Curet (EVP & Chief Medical Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-02-15 | Common Stock | M | 1000 | $0.0 | Acquired | 4066 | Direct |
| 2020-02-15 | Common Stock | F | 496 | $0.0 | Disposed | 3570 | Direct |
| 2020-02-15 | Common Stock | M | 584 | $0.0 | Acquired | 4154 | Direct |
| 2020-02-15 | Common Stock | F | 290 | $0.0 | Disposed | 3864 | Direct |
| 2020-02-15 | Common Stock | M | 1000 | $0.0 | Acquired | 4864 | Direct |
| 2020-02-15 | Common Stock | F | 496 | $0.0 | Disposed | 4368 | Direct |
| 2020-02-16 | Common Stock | M | 1500 | $0.0 | Acquired | 5868 | Direct |
| 2020-02-16 | Common Stock | F | 744 | $0.0 | Disposed | 5124 | Direct |
| 2020-02-19 | Common Stock | S | 2058 | $596.14 | Disposed | 3066 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-16 | Restricted Stock Units | $0.0 | M | 1500 | Disposed | 2020-02-17 | Common Stock (1500) | Direct |
| 2020-02-15 | Restricted Stock Units | $0.0 | M | 1000 | Disposed | 2021-02-15 | Common Stock (1000) | Direct |
| 2020-02-15 | Restricted Stock Units | $0.0 | M | 1000 | Disposed | 2022-02-15 | Common Stock (1000) | Direct |
| 2020-02-15 | Restricted Stock Units | $0.0 | M | 584 | Disposed | 2023-02-15 | Common Stock (584) | Direct |
Footnotes
F1: RSUs vest 25% per year over a four year period, commencing on the first anniversary of the grant date. RSUs convert into common stock on the vest date on a one-for-one basis. 25 % of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account.
F2: These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on June 15, 2020.
F3: Each RSU granted represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period.