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: 2012-08-15

Reporting Person: MOHR MARSHALL (SVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-22	Common Stock	M	4000.0	$112.66	Acquired	5242.0	Direct
2012-10-22	Common Stock	S	4000.0	$543.023	Disposed	1242.0	Direct
2012-10-22	Common Stock	M	3300.0	$112.66	Acquired	4542.0	Direct
2012-10-22	Common Stock	S	3300.0	$543.2228	Disposed	1242.0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-22	Non-Qualified Stock Option (right to buy)	$112.66	M	4000.0	Disposed	2017-02-15	Common Stock (4000.0)	Direct
2012-10-22	Non-Qualified Stock Option (right to buy)	$112.66	M	3300.0	Disposed	2017-02-15	Common Stock (3300.0)	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

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 $543.02295 The shares sold at: $541.00 - $541.99 = 495 shares; $542.00 - $542.99 = 3,005 shares; $548.00 to $548.99 = 500 shares.

F3: The average selling price for the transactions was $543.222788 The shares sold at: $542.00 - $542.99 = 2,800 shares; $548.00 to $548.99 = 500 shares.

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.

F5: 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.