INTUITIVE SURGICAL INC — Director's Dealing 2012

Nov 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2012-11-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-20	Common Stock	G	4000.0	$0.0	Disposed	253535.0	Direct
2012-11-27	Common Stock	M	1422.0	$303.27	Acquired	254957.0	Direct
2012-11-27	Common Stock	S	1422.0	$528.1494	Disposed	253535.0	Direct
2012-11-27	Common Stock	M	25031.0	$112.66	Acquired	278566.0	Direct
2012-11-27	Common Stock	S	25031.0	$528.1494	Disposed	253535.0	Direct
2012-11-20	Common Stock	G	4000.0	$0.0	Acquired	131821.0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-27	Non-Qualified Stock Option (right to buy)	$112.66	M	25031.0	Disposed	2017-02-15	Common Stock (25031.0)	Direct
2012-11-27	Non-Qualified Stock Option (right to buy)	$303.27	M	1422.0	Disposed	2018-02-15	Common Stock (1422.0)	Direct

Footnotes

F1: The reporting person contributed shares to a grantor retained annuity trust "GRAT Paylink."

F2: The average selling price for the transactions (a total of 26,453 shares) was $528.149422 The shares sold at: $525.00 - $525.99 = 2,280 shares; $526.00 to $526.99 = 5,500 shares; $527.00 - $527.99 = 5,333 shares; $528.00 - $528.99 = 5,016 shares; $529.00 - $529.99 = 2,932 shares; $530.00 - $530.99 = 1,000 shares; $531.00 - $531.99 = 2,000 shares; and $532.00 - $532.99 = 2,392 shares.

F3: The shares received by this grantor retained annuity trust "GRAT Paylink" were transferred by the reporting employee.

F4: 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.