Intuitive Surgical CEO exercises options, sells shares

By Associated Press April 23, 2008 Comments (0)

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The chief executive of Intuitive Surgical Inc., which makes robotic surgical instruments, exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC on Wednesday, Lonnie M. Smith reported he exercised the options Wednesday for $11.74 apiece and then sold all of them on the same day for $285.02 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Intuitive Surgical is based in Sunnyvale, Calif.

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