INTUITIVE SURGICAL INC — Director's Dealing 2011

Jul 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2011-07-26

Reporting Person: SMITH LONNIE M (Director, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-26	Common Stock	M	15000	$47.86	Acquired	342336	Direct
2011-07-26	Common Stock	S	15000	$397.1214	Disposed	327336	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-26	Non-Qualified Stock Option (right to buy)	$47.86	M	15000	Disposed	2015-02-11	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	80344	Indirect

Footnotes

F1: These options were exercised and the underlying shares were sold pursuant to a 10b5-1 trading plan adopted by the reporting person on June 14, 2007.

F2: Non-statutory stock option granted pursuant to the 2000 Employee Stock Option Plan. Option shall vest 1/8 six months after the date of grant and 1/48th each month thereafter.