Levy Alan J - Oct 22, 2021 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
Director
Signature
By: Donna Spinola For: Alan J Levy
Stock symbol
ISRG
Transactions as of
Oct 22, 2021
Transactions value $
-$2,076,927
Form type
4
Date filed
10/26/2021, 05:07 PM
Previous filing
Jul 26, 2021
Next filing
Apr 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $214K +3K +12.35% $71.32 27.3K Oct 22, 2021 Direct F1, F2
transaction ISRG Common Stock Sale -$1.02M -3K -11% $339.64 24.3K Oct 22, 2021 Direct F1, F2, F3
transaction ISRG Common Stock Options Exercise $256K +4.5K +18.53% $56.97 28.8K Oct 22, 2021 Direct F1, F2
transaction ISRG Common Stock Sale -$1.53M -4.5K -15.63% $339.64 24.3K Oct 22, 2021 Direct F1, F2, F3

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 -4.5K -100% $0.00 0 Oct 22, 2021 Common Stock 4.5K $56.97 Direct F1, F2, F4
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -3K -86.58% $0.00 465 Oct 22, 2021 Common Stock 3K $71.32 Direct F1, F2, F5

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 December 1, 2021.
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 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.
F4 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.
F5 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.