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INTUITIVE SURGICAL INC — Director's Dealing 2021
Oct 26, 2021
29809_dirs_2021-10-26_e25bac3d-d68b-4fc3-b019-62ce973f887c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INTUITIVE SURGICAL INC (ISR)
CIK: 0001035267
Period of Report: 2021-10-25
Reporting Person: MOHR MARSHALL (Executive VP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-10-25 | Common Stock | M | 20475 | $59.2278 | Acquired | 20475 | Direct |
| 2021-10-25 | Common Stock | S | 20475 | $339.2001 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-10-25 | Non-Qualified Stock Option (right to buy) | $59.2278 | M | 20475 | Disposed | 2025-08-17 | Common Stock (20475) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 95712 | Indirect |
Footnotes
F1: These shares were exercised and sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on December 2, 2021.
F2: On October 5, 2021, 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.
F3: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $336.76 to $341.66 as follows: 200 shares sold at $336.76 to $336.77; 2,392 shares sold at $337.03 to $337.96; 12,570 shares sold at $338.02 to $339.99; 4,423 shares sold at $$340.03 to $340.89; 890 shares sold at $$341.015 to $341.66. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F4: Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 7/48th one month after the date of grant and 1/48th monthly thereafter.