INTUITIVE SURGICAL INC — Director's Dealing 2012

Sep 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2012-08-15

Reporting Person: Brogna Salvatore (SVP Product Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-04	Common Stock	M	1250.0	$107.27	Acquired	1687.0	Direct
2012-09-04	Common Stock	S	1250.0	$490.25	Disposed	437.0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-04	Non-Qualified Stock Option (right to buy)	$107.27	M	1250.0	Disposed	2019-02-17	Common Stock (1250.0)	Direct
2012-08-15	Non-Qualified Stock Option (right to buy)	$517.31	A	7000.0	Acquired	2022-08-15	Common Stock (7000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	600.0	Indirect

Footnotes

F1: These options were exercised and the underlying shares sold pursuant to a 10b5-1 trading plan adopted by the reporting person on June 14, 2012.

F2: 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.

F3: 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.