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: 2012-02-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-20	Common Stock	M	17500	$47.86	Acquired	308775	Direct
2012-04-20	Common Stock	S	17500	$575.0877	Disposed	291275	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-20	Non-Qualified Stock Option (right to buy)	$47.86	M	17500	Disposed	2015-02-11	Common Stock (17500)	Direct
2012-02-15	Non-Qualified Stock Option (right to buy)	$505.23	A	2500	Acquired	2022-02-15	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	95681	Indirect

Footnotes

F1: These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on March 8, 2012.

F2: The average selling price for the transactions was $575.08766. The shares sold at: $569.00 - $569.99 = 427 shares; $570.00 to $570.99 = 2,261 shares; $571.00 - $571.99 = 1,771 shares; $572.00 - $572.99 = 1,538 shares; $573.00 - $573.99 = 1,030 shares; $574.00 - $574.99 = 1,836 shares; $575.00 - $575.99 = 1,554 shares; $576.00 = $576.99 = 841 shares; $577.00 - $577.99 = 366 shares; $578.00 - $578.99 = 2,282 shares; $579.00 - $579.99 = 2,349 shares; $580.00 - $580.99 = 944 shares; $581.00 - $581.99 = 301 shares.

F3: 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.

F4: 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.