Andersen Reiter Kara 4
4 · INTUITIVE SURGICAL INC · Filed Feb 16, 2022
Insider Transaction Report
Form 4
Andersen Reiter Kara
Sr VP General Counsel & CCO
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-02-15−1,311→ 0 totalExercise: $0.00Exp: 2022-02-15→ Common Stock (1,311 underlying) - Exercise/Conversion
Common Stock
2022-02-15+1,311→ 15,919 total - Tax Payment
Common Stock
2022-02-15$289.31/sh−681$197,020→ 16,734 total - Tax Payment
Common Stock
2022-02-15$289.31/sh−472$136,554→ 15,447 total - Exercise/Conversion
Common Stock
2022-02-15+1,968→ 17,415 total - Exercise/Conversion
Restricted Stock Units
2022-02-15−1,968→ 1,968 totalExercise: $0.00Exp: 2029-02-15→ Common Stock (1,968 underlying)
Footnotes (3)
- [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.