MASIMO CORP — Director's Dealing 2020

Apr 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MASIMO CORP (MASI)
CIK: 0000937556
Period of Report: 2020-04-13

Reporting Person: Lee Yongsam (EVP, CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-13	Common Stock	M	10000	$28.03	Acquired	85000	Direct
2020-04-13	Common Stock	S	10000	$180	Disposed	75000	Direct
2020-04-14	Common Stock	M	6000	$31.01	Acquired	81000	Direct
2020-04-14	Common Stock	S	6000	$185.0192	Disposed	75000	Direct
2020-04-14	Common Stock	M	4000	$37.84	Acquired	79000	Direct
2020-04-14	Common Stock	S	4000	$185.0024	Disposed	75000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-13	Non-Qualified Stock Option (Right to Buy)	$28.03	M	10000	Disposed	2024-02-18	Common Stock (10000.0)	Direct
2020-04-14	Non-Qualified Stock Option (Right to Buy)	$31.01	M	6000	Disposed	2025-03-20	Common Stock (6000.0)	Direct
2020-04-14	Non-Qualified Stock Option (Right to Buy)	$37.84	M	4000	Disposed	2026-03-01	Common Stock (4000.0)	Direct

Footnotes

F1: The shares covered by this Form 4 were exercised and sold pursuant to a Rule 10b5-1 Sales Plan dated as of March 10, 2020, which is intended to comply with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended.

F2: The price reported in Column 4 represents the weighted average sale price per share. The actual sale prices ranged from a low of $185.00 per share to a high of $185.27 per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: The price reported in Column 4 represents the weighted average sale price per share. The actual sale prices ranged from a low of $185.00 per share to a high of $185.06 per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F4: This option was granted on February 18, 2014 and is exercisable as the option vests. This option vested over a five year period, with 20% of the shares subject to the option vesting on each anniversary of the grant date.

F5: This option was granted on March 20, 2015 and is exercisable as the option vests. This option vested over a five year period, with 20% of the shares subject to the option vesting on each anniversary of the grant date.

F6: This option was granted on February 29, 2016 and is exercisable as the option vests. The option vests over a five year period, with 20% of the shares subject to the option vesting on each anniversary of the grant date.