INTUITIVE SURGICAL INC — Director's Dealing 2012

Apr 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2012-04-20

Reporting Person: Castello Augusto V. (SVP Product Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-20	Common Stock	M	5000	$303.27	Acquired	5000	Direct
2012-04-20	Common Stock	S	5000	$575.1283	Disposed	0	Direct
2012-04-20	Common Stock	M	5000	$303.27	Acquired	5000	Direct
2012-04-20	Common Stock	S	5000	$575.2142	Disposed	0	Direct
2012-04-20	Common Stock	M	5000	$303.27	Acquired	5000	Direct
2012-04-20	Common Stock	S	5000	$575.2901	Disposed	0	Direct
2012-04-20	Common Stock	M	5000	$303.27	Acquired	5000	Direct
2012-04-20	Common Stock	S	5000	$575.3383	Disposed	0	Direct
2012-04-20	Common Stock	M	6250	$107.27	Acquired	6250	Direct
2012-04-20	Common Stock	S	6250	$575.1662	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-20	Non-Qualified Stock Option (right to buy)	$107.27	M	6250	Disposed	2019-02-17	Common Stock (6250)	Direct
2012-04-20	Non-Qualified Stock Option (right to buy)	$303.27	M	5000	Disposed	2018-02-15	Common Stock (5000)	Direct
2012-04-20	Non-Qualified Stock Option (right to buy)	$303.27	M	5000	Disposed	2018-02-15	Common Stock (5000)	Direct
2012-04-20	Non-Qualified Stock Option (right to buy)	$303.27	M	5000	Disposed	2018-02-15	Common Stock (5000)	Direct
2012-04-20	Non-Qualified Stock Option (right to buy)	$303.27	M	5000	Disposed	2018-02-15	Common Stock (5000)	Direct

Footnotes

F1: These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on March 14, 2012.

F2: The average selling price for the transactions was $575.1283. The shares sold at: $569.00 - $569.99 = 115 shares; $570.00 to $570.99 = 626 shares; $571.00 - $571.99 = 448 shares; $572.00 - $572.99 = 432 shares; $573.00 - $573.99 = 281 shares; $574.00 - $574.99 = 375 shares; $575.00 - $575.99 = 822 shares; $576.00 = $576.99 = 216 shares; $577.00 - $577.99 = 97 shares; $578.00 - $578.99 = 620 shares; $579.00 - $579.99 = 622 shares; $580.00 - $580.99 = 259 shares; $581.00 - $581.99 = 88 shares.

F3: The average selling price for the transactions was $575.2142. The shares sold at: $569.00 - $569.99 = 117 shares; $570.00 to $570.99 = 627 shares; $571.00 - $571.99 = 446 shares; $572.00 - $572.99 = 431 shares; $573.00 - $573.99 = 281 shares; $574.00 - $574.99 = 373 shares; $575.00 - $575.99 = 321 shares; $576.00 = $576.99 = 716 shares; $577.00 - $577.99 = 97 shares; $578.00 - $578.99 = 621 shares; $579.00 - $579.99 = 623 shares; $580.00 - $580.99 = 259 shares; $581.00 - $581.99 = 88 shares.

F4: The average selling price for the transactions was $575.290104. The shares sold at: $569.00 - $569.99 = 120 shares; $570.00 to $570.99 = 620 shares; $571.00 - $571.99 = 447 shares; $572.00 - $572.99 = 433 shares; $573.00 - $573.99 = 281 shares; $574.00 - $574.99 = 375 shares; $575.00 - $575.99 = 322 shares; $576.00 = $576.99 = 717 shares; $577.00 - $577.99 = 97 shares; $578.00 - $578.99 = 620 shares; $579.00 - $579.99 = 622 shares; $580.00 - $580.99 = 259 shares; $581.00 - $581.99 = 88 shares.

F5: The average selling price for the transactions was $575.3383. The shares sold at: $569.00 - $569.99 = 124 shares; $570.00 to $570.99 = 630 shares; $571.00 - $571.99 = 447 shares; $572.00 - $572.99 = 401 shares; $573.00 - $573.99 = 281 shares; $574.00 - $574.99 = 374 shares; $575.00 - $575.99 = 322 shares; $576.00 = $576.99 = 244 shares; $577.00 - $577.99 = 595 shares; $578.00 - $578.99 = 618 shares; $579.00 - $579.99 = 618 shares; $580.00 - $580.99 = 258 shares; $581.00 - $581.99 = 88 shares.

F6: The average selling price for the transactions was $575.1283. The shares sold at: $569.00 - $569.99 = 115 shares; $570.00 to $570.99 = 626 shares; $571.00 - $571.99 = 448 shares; $572.00 - $572.99 = 432 shares; $573.00 - $573.99 = 281 shares; $574.00 - $574.99 = 375 shares; $575.00 - $575.99 = 822 shares; $576.00 = $576.99 = 216 shares; $577.00 - $577.99 = 97 shares; $578.00 - $578.99 = 620 shares; $579.00 - $579.99 = 622 shares; $580.00 - $580.99 = 259 shares; $581.00 - $581.99 = 88 shares.

F7: Non-statutory stock option granted pursuant to the 2000 Employee Stock Option Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly thereafter.