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INTUITIVE SURGICAL INC — Director's Dealing 2022
Feb 17, 2022
29809_dirs_2022-02-16_dc780c27-033b-44b3-aa4d-5749921b1302.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: 2022-02-15
Reporting Person: DeSantis Robert (EVP & Chief Product Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-15 | Common Stock | M | 2874 | $0.0 | Acquired | 4042 | Direct |
| 2022-02-15 | Common Stock | F | 903 | $289.31 | Disposed | 3139 | Direct |
| 2022-02-15 | Common Stock | M | 2124 | $0.0 | Acquired | 5263 | Direct |
| 2022-02-15 | Common Stock | F | 928 | $289.31 | Disposed | 4335 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-15 | Restricted Stock Units | $0.0 | M | 2874 | Disposed | 2022-02-15 | Common Stock (2874) | Direct |
| 2022-02-15 | Restricted Stock Units | $0.0 | M | 2124 | Disposed | 2023-02-15 | Common Stock (2124) | 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: 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.