Filing Details

Accession Number:
0001567619-21-018729
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-10-26 17:07:16
Reporting Period:
2021-10-22
Accepted Time:
2021-10-26 17:07:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1035267 Intuitive Surgical Inc ISRG Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842) 770416458
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1280627 J Alan Levy 1020 Kifer Road
Sunnyvale CA 94086
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2021-10-22 3,000 $71.32 27,282 No 4 M Direct
Common Stock Disposition 2021-10-22 3,000 $339.64 24,282 No 4 S Direct
Common Stock Acquisiton 2021-10-22 4,500 $56.97 28,782 No 4 M Direct
Common Stock Disposition 2021-10-22 4,500 $339.64 24,282 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2021-10-22 4,500 $0.00 4,500 $56.97
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2021-10-22 3,000 $0.00 3,000 $71.32
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2025-04-23 No 4 M Direct
465 2026-04-21 No 4 M Direct
Footnotes
  1. These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on December 1, 2021.
  2. 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.
  3. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $338.29 to $341.38 as follows: 1,400 shares sold at $338.19 to $338.98; 4,306 shares sold at $339.06 to $339.98; 1,594 shares sold at $340.01 to $340.83; 200 shares sold at $341 to $341.38. 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.
  4. Non-statutory stock option granted pursuant to the Non-Employee Directors' Stock Option Plan. Option shall vest 100% one year after the date of grant or at the next Shareholders Meeting, whichever should take place first, provided that vesting will cease on termination of the Directors service to the Company.
  5. 100% of the shares subject to the option shall vest on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders, subject to the Reporting Person's continued service as a director to the issuer.