AI assistant
INTUITIVE SURGICAL INC — Director's Dealing 2024
May 14, 2024
29809_dirs_2024-05-14_0c81fc4f-579f-4149-85ba-6b197414bab8.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2024-05-10
Reporting Person: DeSantis Robert (EVP & Chief Strategy & Corp Op)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-10 | Common Stock | M | 120 | $304.67 | Acquired | 5627 | Direct |
| 2024-05-10 | Common Stock | S | 120 | $385.55 | Disposed | 5507 | Direct |
| 2024-05-10 | Common Stock | M | 119 | $229.39 | Acquired | 5626 | Direct |
| 2024-05-10 | Common Stock | S | 119 | $385.55 | Disposed | 5507 | Direct |
| 2024-05-11 | Common Stock | M | 360 | $0.0 | Acquired | 5867 | Direct |
| 2024-05-11 | Common Stock | F | 167 | $386.7 | Disposed | 5700 | Direct |
| 2024-05-13 | Common Stock | M | 90 | $179.7 | Acquired | 5790 | Direct |
| 2024-05-13 | Common Stock | S | 90 | $389.16 | Disposed | 5700 | Direct |
| 2024-05-13 | Common Stock | S | 194 | $389.16 | Disposed | 5506 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-13 | Non-Qualified Stock Option (right to buy) | $179.7 | M | 90 | Disposed | 2030-05-11 | Common Stock (90) | Direct |
| 2024-05-10 | Non-Qualified Stock Option (right to buy) | $229.39 | M | 119 | Disposed | 2030-02-27 | Common Stock (119) | Direct |
| 2024-05-10 | Non-Qualified Stock Option (right to buy) | $304.67 | M | 120 | Disposed | 2030-08-09 | Common Stock (120) | Direct |
| 2024-05-11 | Restricted Stock Units | $0.0 | M | 360 | Disposed | 2024-05-11 | Common Stock (360) | Direct |
Footnotes
F1: These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on December 9, 2024.
F2: 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.
F3: Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. The grant vests 25% on the first anniversary of the date of grant and monthly thereafter, over a four year period of time.
F4: 12.5% of the shares subject to the option vest on the six-month anniversary measured from February 10, 2023, and 1/48th of the total number of shares vest in forty-two (42) successive and equal monthly installments thereafter, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
F5: 7/48th of the shares subject to the option vest on the one-month anniversary measured from August 10, 2023, and 1/48th of the total number of shares vest in forty-one (41) successive and equal monthly installments thereafter, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
F6: 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.