SEC Filings

10-K
INTUITIVE SURGICAL INC filed this Form 10-K on 02/02/2018
Entire Document
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PART II
ITEM 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
All share and per share information presented have been retroactively adjusted to reflect the three-for-one stock split of our issued and outstanding common stock in October 2017.
PRICE RANGE OF COMMON STOCK
Our common stock is being traded on The NASDAQ Global Select Market under the symbol “ISRG.” The following table sets forth the high and low closing prices of our common stock for each period indicated and are as reported by NASDAQ.
 
2017
 
2016
Fiscal
High
 
Low
 
High
 
Low
First Quarter
$
255.77

 
$
209.83

 
$
201.02

 
$
169.09

Second Quarter
$
318.05

 
$
253.11

 
$
220.47

 
$
202.17

Third Quarter
$
348.79

 
$
307.22

 
$
241.61

 
$
221.56

Fourth Quarter
$
403.70

 
$
353.49

 
$
241.54

 
$
206.34

As of January 19, 2018, there were 189 stockholders of record of our common stock, although we believe that there are a significantly larger number of beneficial owners of our common stock.
DIVIDENDS
We have never declared or paid any cash dividends on our common stock. We intend to retain earnings for use in the operation and expansion of our business.
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
The following table contains information as of December 31, 2017 for two categories of equity compensation plans.
Plan Category
Number of
securities to be
issued upon
exercise of
outstanding
options,
warrants and
rights (a)
 
Weighted-
average
exercise price
of outstanding
options
 
Number of securities
remaining available for
future issuance under
equity compensation
plans (excluding
securities reflected in
column (a))
Equity compensation plans approved by security holders
6,226,224

 
$
162.17

 
7,920,163

Equity compensation plans not approved by security holders
979,614

 
$
176.85

 
43,182

Total
7,205,838

 
$
164.16

 
7,963,345

RECENT SALES OF UNREGISTERED SECURITIES
None.
ISSUER PURCHASES OF EQUITY SECURITIES
The table below summarizes our stock repurchase activity for the quarter ended December 31, 2017.
Fiscal Period
Total Number of
Shares
Repurchased
 
Average
Price Paid
Per Share
 
Total Number of
Shares Purchased As
Part of a Publicly
Announced Program
 
Approximate Dollar
Amount of Shares That
May Yet be Purchased
Under the Program (1)
October 1 to October 31, 2017

 
$

 

 
$
991.6
 million
November 1 to November 30, 2017

 
$

 

 
$
991.6
 million
December 1 to December 31, 2017

 
$

 

 
$
717.5
 million
Total during quarter ended December 31, 2017

 
$

 

 
 
(1) Since March 2009, we have had an active stock repurchase program. As of December 31, 2017, our Board of Directors (the “Board”) had authorized an aggregate amount of up to $6.2 billion for stock repurchases, of which the most recent authorization occurred in December 2016, when the Board increased the authorized amount available under our share repurchase program to $3.0 billion. In 2017, we entered into an accelerated share repurchase program (the “ASR Program”) with Goldman Sachs & Co.

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