INTUITIVE SURGICAL INC — Director's Dealing 2012

Nov 21, 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	M	23949.0	$106.69	Acquired	281484.0	Direct
2012-11-20	Common Stock	S	23949.0	$536.6728	Disposed	257535.0	Direct
2012-11-21	Common Stock	M	2906.0	$112.66	Acquired	260441.0	Direct
2012-11-21	Common Stock	S	2906.0	$534.6251	Disposed	257535.0	Direct
2012-11-21	Common Stock	M	13551.0	$106.69	Acquired	271086.0	Direct
2012-11-21	Common Stock	S	13551.0	$534.6251	Disposed	257535.0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-20	Non-Qualified Stock Option (right to buy)	$106.69	M	23949.0	Disposed	2016-02-07	Common Stock (23949.0)	Direct
2012-11-21	Non-Qualified Stock Option (right to buy)	$106.69	M	13551.0	Disposed	2016-02-07	Common Stock (13551.0)	Direct
2012-11-21	Non-Qualified Stock Option (right to buy)	$112.66	M	2906.0	Disposed	2017-02-15	Common Stock (2906.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	127821.0	Indirect

Footnotes

F1: The shares were sold at an average price of $536.6728. The actual selling price of the shares was: $534.00 - $534.99 - 200 shares sold; $535.00 - $535.99 - 7,300 shares sold; $536.00 - $536.99 - 11,931 shares sold; $537.00 - $537.99 - 500 shares sold; $539.00 - $539.99 - 3,969 shares sold; and $540.00 - $540.99 - 49 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.