INTUITIVE SURGICAL INC — Director's Dealing 2012

Oct 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2012-08-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-06	Common Stock	G	30000.0	$0.0	Disposed	244775.0	Direct
2012-08-15	Common Stock	G	50.0	$0.0	Disposed	244725.0	Direct
2012-08-15	Common Stock	G	50.0	$0.0	Disposed	244675.0	Direct
2012-08-21	Common Stock	G	6870.0	$0.0	Acquired	251545.0	Direct
2012-10-07	Common Stock	G	5990.0	$0.0	Acquired	257535.0	Direct
2012-10-22	Common Stock	M	17500.0	$106.69	Acquired	275035.0	Direct
2012-10-22	Common Stock	S	17500.0	$543.2851	Disposed	257535.0	Direct
2012-08-06	Common Stock	G	30000.0	$0.0	Acquired	140681.0	Indirect
2012-08-21	Common Stock	G	6870.0	$0.0	Disposed	133811.0	Indirect
2012-09-07	Common Stock	G	5990.0	$0.0	Disposed	127821.0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-22	Non-Qualified Stock Option (right to buy)	$106.69	M	17500.0	Disposed	2016-02-07	Common Stock (17500.0)	Direct
2012-08-15	Non-Qualified Stock Option (right to buy)	$517.31	A	2500.0	Acquired	2022-08-15	Common Stock (2500.0)	Direct

Footnotes

F1: The reporting person contributed shares to a grantor retained annuity trust No. 8 ("GRAT No. 8").

F2: These shares were gifted from the account of Lonnie Smith & Cheryl Smith, Community Property to Rebecca S Eggleston ACF Madeleine Diane Eggleston U/CO/UTMA.

F3: These shares were gifted from the account of Lonnie Smith & Cheryl Smith, Community Property to Rebecca S Eggleston ACF Parker Keith Eggleston U/CO/UTMA.

F4: Shares were distributed by GRAT No. 7 to Lonnie Smith & Cheryl Smith, Community Property.

F5: Shares were distributed by GRAT No. 6 to Lonnie Smith & Cheryl Smith, Community Property.

F6: These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on March 8, 2012.

F7: These shares were sold pursuant to a 10b5-1 Plan. The shares were sold at an average price of $543.285130. The actual selling price of the shares was: $541.00 - $541.99 - 494 shares sold; $542.00 - $542.99 - 13,506 shares sold; $543.00 - $543.99 - 1,000 shares sold; $547.00 - $547.99 - 1,500 shares sold; $548.00 - $548.99 - 1,000 shares sold.

F8: 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.

F9: Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. Option shall vest 7/48 one month after the date of grant and 1/48th each month thereafter.