INTUITIVE SURGICAL INC — Director's Dealing 2012

Nov 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2012-11-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-23	Common Stock	M	20899.0	$112.66	Acquired	278434.0	Direct
2012-11-23	Common Stock	S	20899.0	$536.8668	Disposed	257535.0	Direct
2012-11-26	Common Stock	M	21164.0	$112.66	Acquired	278699.0	Direct
2012-11-26	Common Stock	S	21164.0	$534.3426	Disposed	257535.0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-23	Non-Qualified Stock Option (right to buy)	$112.66	M	20899.0	Disposed	2017-02-15	Common Stock (20899.0)	Direct
2012-11-26	Non-Qualified Stock Option (right to buy)	$112.66	M	21164.0	Disposed	2017-02-15	Common Stock (21164.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	127821.0	Indirect

Footnotes

F1: The shares were sold at an average price of $534.342550. The actual selling price of the shares was: $531.00 - $531.99 = 1,000 shares sold; $533.00 - $533.99 = 11,000 shares sold; $534.00 - $534.99 = 4,641; $536.00 - $536.99 = 495 shares sold; $537.00 - $537.99 = 2,028 shares sold; and $538.00 - $538.99 = 2,000 shares sold.

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.