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 | -4.25K | -100% | $0.00* | 0 | Feb 15, 2022 | Common Stock | 4.25K | $0.00 | Direct | F3 |
transaction | ISRG | Restricted Stock Units | Options Exercise | $0 | -3.75K | -50% | $0.00 | 3.75K | Feb 15, 2022 | Common Stock | 3.75K | $0.00 | Direct | F3 |
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. |