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: 2012-10-22

Reporting Person: GUTHART GARY S (Director, President & CEO, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-22	Common Stock	M	1500.0	$47.86	Acquired	39153.0	Direct
2012-10-22	Common Stock	S	1500.0	$542.979	Disposed	37653.0	Direct
2012-10-22	Common Stock	M	1000.0	$47.86	Acquired	38653.0	Direct
2012-10-22	Common Stock	S	1000.0	$545.6322	Disposed	37653.0	Direct
2012-10-22	Common Stock	M	2000.0	$18.5	Acquired	39653.0	Direct
2012-10-22	Common Stock	S	2000.0	$544.4775	Disposed	37653.0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-22	Non-Qualified Stock Option (right to buy)	$18.5	M	2000.0	Disposed	2014-02-13	Common Stock (2000.0)	Direct
2012-10-22	Non-Qualified Stock Option (right to buy)	$47.86	M	1500.0	Disposed	2015-02-11	Common Stock (1500.0)	Direct
2012-10-22	Non-Qualified Stock Option (right to buy)	$47.86	M	1000.0	Disposed	2015-02-11	Common Stock (1000.0)	Direct

Footnotes

F1: These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on March 13, 2012.

F2: The average selling price for the transactions was $542.979 The shares sold at: $541.00 - $541.99 - 900 shares; $542.00 - $542.99 - 400 shares; $548.00 to $548.99 = 200 shares

F3: The average selling price for the transactions was $545.6322 The shares sold at: $545.00 to $545.99 = 800 shares; $548.00 to $548.99 = 200 shares

F4: The average selling price for the transactions was $544.4775 The shares sold at: $542.00 - $542.99 - 1,000 shares; $545.00 to $545.99 = 500 shares; $548.00 to $548.99 = 500 shares

F5: 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.