Myriam Curet McAdams - 15 Feb 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Medical Officer
Signature
By: Donna Spinola For: Myriam Curet
Issuer symbol
ISRG
Transactions as of
15 Feb 2022
Net transactions value
-$1,373,165
Form type
4
Filing time
17 Feb 2022, 11:42:32 UTC
Previous filing
26 Jan 2022
Next filing
01 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +3,000 +831% $0.000000 3,361 15 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability $405,902 -1,403 -42% $289.31 1,958 15 Feb 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +1,749 +89% $0.000000 3,707 15 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability $251,121 -868 -23% $289.31 2,839 15 Feb 2022 Direct F1
transaction ISRG Common Stock Sale $716,142 -2,478 -87% $289.00 361 16 Feb 2022 Direct 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 -3,000 -100% $0.000000* 0 15 Feb 2022 Common Stock 3,000 $0.000000 Direct F3
transaction ISRG Restricted Stock Units Options Exercise $0 -1,749 -50% $0.000000 1,749 15 Feb 2022 Common Stock 1,749 $0.000000 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 These shares were exercised and sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on August 9, 2022.
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.