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INTUITIVE SURGICAL INC — Director's Dealing 2020
Feb 19, 2020
29809_dirs_2020-02-19_1a9d8842-d896-4ccb-a898-f672fa8948d9.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: Samath Jamie (SVP of Finance)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-02-15 | Common Stock | M | 475 | $0.0 | Acquired | 682 | Direct |
| 2020-02-15 | Common Stock | F | 175 | $0.0 | Disposed | 507 | Direct |
| 2020-02-15 | Common Stock | M | 288 | $0.0 | Acquired | 795 | Direct |
| 2020-02-15 | Common Stock | F | 143 | $0.0 | Disposed | 652 | Direct |
| 2020-02-15 | Common Stock | M | 242 | $0.0 | Acquired | 894 | Direct |
| 2020-02-15 | Common Stock | F | 120 | $0.0 | Disposed | 774 | Direct |
| 2020-02-16 | Common Stock | M | 843 | $0.0 | Acquired | 1617 | Direct |
| 2020-02-16 | Common Stock | F | 292 | $0.0 | Disposed | 1325 | Direct |
| 2020-02-19 | Common Stock | S | 1118 | $596.14 | Disposed | 207 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-16 | Restricted Stock Units | $0.0 | M | 843 | Disposed | 2020-02-17 | Common Stock (843) | Direct |
| 2020-02-15 | Restricted Stock Units | $0.0 | M | 475 | Disposed | 2021-02-15 | Common Stock (475) | Direct |
| 2020-02-15 | Restricted Stock Units | $0.0 | M | 288 | Disposed | 2022-02-15 | Common Stock (288) | Direct |
| 2020-02-15 | Restricted Stock Units | $0.0 | M | 242 | Disposed | 2023-02-15 | Common Stock (242) | 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 November 5, 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.