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Filing Details

Accession Number:: 0000937556-20-000034
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-16 18:58:58
Reporting Period:: 2020-03-12

Accepted Time:: 2020-03-16 18:58:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
937556	Masimo Corp	MASI	Electromedical & Electrotherapeutic Apparatus (3845)	330368882

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1228621	E Joe Kiani	C/O Masimo Corporation 52 Discovery Irvine CA 92618	Ceo And Chairman Of The Board	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2020-03-12	9,827	$20.19	169,068	No	4	M	Direct
Common Stock	Disposition	2020-03-12	9,827	$187.16	159,241	No	4	S	Direct
Common Stock	Acquisiton	2020-03-13	23,982	$20.19	183,223	No	4	M	Direct
Common Stock	Disposition	2020-03-13	23,982	$185.76	159,241	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2020-03-12	9,827	$20.19	9,827	$20.19
Common Stock	Non-Qualified Stock Option (Right to Buy)	Acquisiton	2020-03-12	66,336	$179.42	66,336	$179.42
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2020-03-13	23,982	$20.19	23,982	$20.19

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
281,897	2012-10-27	2021-10-27	No	4	M	Direct
66,336	2021-03-12	2030-03-12	No	4	A	Direct
257,915	2012-10-27	2021-10-27	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	47,081	Indirect	By Trust
Common Stock	732,209	Indirect	By Trust
Common Stock	352,919	Indirect	By Trust
Common Stock	359,000	Indirect	By Trust
Common Stock	2,250,291	Indirect	By Trust
Common Stock	10,368	Indirect	See Footnote
Common Stock	9,000	Indirect	See Footnote

Footnotes

The shares covered by this Form 4 were exercised and sold pursuant to a Rule 10b5-1 Sales Plan dated as of February 24, 2020, which is intended to comply with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended.
The price reported in Column 4 represents the weighted average sales price per share. The actual sales prices ranged from a low of $185.00 per share to a high of $187.85 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.
The price reported in Column 4 represents the weighted average sales price per share. The actual sales prices ranged from a low of $185.00 per share to a high of $186.81 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.
Shares held in four trusts for which Mr. Kiani is not the Trustee.
Shares held in one trust for which Mr. Kiani is the sole trustee.
Shares held in Masimo Retirement Savings Plan.
Shares held by an immediate family member for which Mr. Kiani exercises voting and investment control.
This option was granted on October 27, 2011 and was exercisable as the option vested. The option vested over a five year period, with 20% of the shares subject to the option vesting on each anniversary of the grant date.
This option was granted on March 12, 2020 and is exercisable as the option vests. The option vests over a 5 year period, with 20% of the shares subject to the option vesting each year starting March 22, 2021.