INTUITIVE SURGICAL INC 4
4 · INTUITIVE SURGICAL INC · Filed Feb 19, 2015
Insider Transaction Report
Form 4
MCNAMARA JEROME J
EVP WW Sales & Mktg
Transactions
- Exercise/Conversion
Common Stock
2015-02-18+521→ 3,432 total - Tax Payment
Common Stock
2015-02-18$512.86/sh−219$112,316→ 3,213 total - Award
Non-Qualified Stock Option (right to buy)
2015-02-17+1,663→ 1,663 totalExercise: $514.00Exp: 2025-02-17→ Common Stock (1,663 underlying) - Exercise/Conversion
Restricted Stock Units
2015-02-18−521→ 1,562 totalExercise: $0.00Exp: 2018-02-18→ Common Stock (521 underlying) - Award
Restricted Stock Units
2015-02-17+2,058→ 2,058 totalExercise: $0.00Exp: 2019-02-17→ Common Stock (2,058 underlying)
Footnotes (3)
- [F1]On 2/18/14, RSU shares were granted, vesting 25% per year over a four year period. RSUs convect into common stock on the grant date on a one-for-one basis. On 2/18/15, 25% of the shares were released and a portion of the shares were held back to cover the statutory tax withholding requirement. The net shares were deposited into the holders account.
- [F2]Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly thereafter.
- [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.