Andersen Reiter Kara - Feb 15, 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
Sr VP General Counsel & CCO
Signature
By: Donna Spinola For: Kara Andersen Reiter
Stock symbol
ISRG
Transactions as of
Feb 15, 2022
Transactions value $
-$333,574
Form type
4
Date filed
2/16/2022, 08:13 PM
Previous filing
Aug 27, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +1.31K +8.97% $0.00 15.9K Feb 15, 2022 Direct F1, F2
transaction ISRG Common Stock Tax liability -$137K -472 -2.97% $289.31 15.4K Feb 15, 2022 Direct F1, F2
transaction ISRG Common Stock Options Exercise $0 +1.97K +12.74% $0.00 17.4K Feb 15, 2022 Direct F1, F2
transaction ISRG Common Stock Tax liability -$197K -681 -3.91% $289.31 16.7K Feb 15, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ISRG Restricted Stock Units Options Exercise $0 -1.31K -100% $0.00* 0 Feb 15, 2022 Common Stock 1.31K $0.00 Direct F3
transaction ISRG Restricted Stock Units Options Exercise $0 -1.97K -50% $0.00 1.97K Feb 15, 2022 Common Stock 1.97K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 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.
F3 Each Restricted Stock Unit, granted pursuant to the 2010 Employee Stock Option Plan, 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 of time.