INTUITIVE SURGICAL INC — Director's Dealing 2012

Apr 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2012-04-20

Reporting Person: MELTZER MARK J (SVP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-20	Common Stock	M	1500	$107.27	Acquired	2095	Direct
2012-04-20	Common Stock	S	1500	$575.2961	Disposed	595	Direct
2012-04-20	Common Stock	M	2000	$107.27	Acquired	2595	Direct
2012-04-20	Common Stock	S	2000	$575.2058	Disposed	595	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-20	Non-Qualified Stock Option (right to buy)	$107.27	M	1500	Disposed	2019-02-17	Common Stock (1500)	Direct
2012-04-20	Non-Qualified Stock Option (right to buy)	$107.27	M	2000	Disposed	2019-02-17	Common Stock (2000)	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 $575.2959. The shares sold at: $569.00 - $569.99 = 37 shares; $570.00 to $570.99 = 203 shares; $571.00 - $571.99 = 138 shares; $572.00 - $572.99 = 111 shares; $573.00 - $573.99 = 50 shares; $574.00 - $574.99 = 97 shares; $575.00 - $575.99 = 101 shares; $576.00 = $576.99 = 267 shares; $577.00 - $577.99 = 29 shares; $578.00 - $578.99 = 177 shares; $579.00 - $579.99 = 187 shares; $580.00 - $580.99 = 78 shares; $581.00 - $581.99 = 25 shares.

F3: The average selling price for the transactions was $575.2057. The shares sold at: $569.00 - $569.99 = 52 shares; $570.00 to $570.99 = 258 shares; $571.00 - $571.99 = 189 shares; $572.00 - $572.99 = 157 shares; $573.00 - $573.99 = 85 shares; $574.00 - $574.99 = 148 shares; $575.00 - $575.99 = 150 shares; $576.00 = $576.99 = 288 shares; $577.00 - $577.99 = 39 shares; $578.00 - $578.99 = 239 shares; $579.00 - $579.99 = 260 shares; $580.00 - $580.99 = 103 shares; $581.00 - $581.99 = 32 shares.

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.