Robert DeSantis - 22 Oct 2021 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Product Officer
Signature
By: Donna Spinola For: Robert DeSantis
Issuer symbol
ISRG
Transactions as of
22 Oct 2021
Net transactions value
-$132,798
Form type
4
Filing time
26 Oct 2021, 17:03:25 UTC
Previous filing
27 Aug 2021
Next filing
26 Jan 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 $48,629 +198 +18% $245.60 1,290 22 Oct 2021 Direct F1, F2
transaction ISRG Common Stock Sale $67,270 -198 -15% $339.75 1,092 22 Oct 2021 Direct F1, F2
transaction ISRG Common Stock Options Exercise $65,431 +270 +25% $242.34 1,362 22 Oct 2021 Direct F1, F2
transaction ISRG Common Stock Sale $91,732 -270 -20% $339.75 1,092 22 Oct 2021 Direct F1, F2
transaction ISRG Common Stock Options Exercise $49,058 +273 +25% $179.70 1,365 22 Oct 2021 Direct F1, F2
transaction ISRG Common Stock Sale $92,752 -273 -20% $339.75 1,092 22 Oct 2021 Direct F1, F2
transaction ISRG Common Stock Options Exercise $48,590 +273 +25% $177.99 1,365 22 Oct 2021 Direct F1, F2
transaction ISRG Common Stock Sale $92,752 -273 -20% $339.75 1,092 22 Oct 2021 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -273 -9.4% $0.000000 2,628 22 Oct 2021 Common Stock 273 $177.99 Direct F1, F2, F3
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -270 -9.3% $0.000000 2,625 22 Oct 2021 Common Stock 270 $242.34 Direct F1, F2, F4
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -198 -2.4% $0.000000 8,142 22 Oct 2021 Common Stock 198 $245.60 Direct F1, F2, F3
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -273 -3.4% $0.000000 7,869 22 Oct 2021 Common Stock 273 $245.60 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on June 1, 2022.
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 Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly thereafter.
F4 Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 7/48th one month after the date of grant and 1/48th monthly thereafter.
F5 Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. The grant vests 25% on the first anniversary of the date of grant and 1/48th monthly thereafter, over a four year period of time.