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: MCNAMARA JEROME J (EVP da Vinci WW Sales & Mktg)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-20	Common Stock	M	10000	$303.27	Acquired	12686	Direct
2012-04-20	Common Stock	S	10000	$575.0807	Disposed	2686	Direct
2012-04-20	Common Stock	M	10000	$303.27	Acquired	12686	Direct
2012-04-20	Common Stock	S	10000	$575.057	Disposed	2686	Direct
2012-04-20	Common Stock	M	10000	$303.27	Acquired	12686	Direct
2012-04-20	Common Stock	S	10000	$575.1121	Disposed	2686	Direct
2012-04-20	Common Stock	M	9144	$107.27	Acquired	11830	Direct
2012-04-20	Common Stock	S	9144	$575.0346	Disposed	2686	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	9144	Disposed	2019-02-17	Common Stock (9144)	Direct
2012-04-20	Non-Qualified Stock Option (right to buy)	$303.27	M	10000	Disposed	2018-02-15	Common Stock (10000)	Direct
2012-04-20	Non-Qualified Stock Option (right to buy)	$303.27	M	10000	Disposed	2018-02-15	Common Stock (10000)	Direct
2012-04-20	Non-Qualified Stock Option (right to buy)	$303.27	M	10000	Disposed	2018-02-15	Common Stock (10000)	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 $575.0807. The shares sold at: $569.00 - $569.99 = 259 shares; $570.00 to $570.99 = 1,307 shares; $571.00 - $571.99 = 927 shares; $572.00 - $572.99 = 879 shares; $573.00 - $573.99 = 584 shares; $574.00 - $574.99 = 1,253 shares; $575.00 - $575.99 = 814 shares; $576.00 = $576.99 = 457 shares; $577.00 - $577.99 = 200 shares; $578.00 - $578.99 = 1,289 shares; $579.00 - $579.99 = 1,329 shares; $580.00 - $580.99 = 532 shares; $581.00 - $581.99 = 170 shares.

F3: The average selling price for the transactions was $575.057. The shares sold at: $569.00 - $569.99 = 259 shares; $570.00 to $570.99 = 1,305 shares; $571.00 - $571.99 = 928 shares; $572.00 - $572.99 = 880 shares; $573.00 - $573.99 = 1,084 shares; $574.00 - $574.99 = 752 shares; $575.00 - $575.99 = 814 shares; $576.00 = $576.99 = 457 shares; $577.00 - $577.99 = 200 shares; $578.00 - $578.99 = 1,289 shares; $579.00 - $579.99 = 1,329 shares; $580.00 - $580.99 = 532 shares; $581.00 - $581.99 = 170 shares.

F4: The average selling price for the transactions was $575.112119 The shares sold at: $569.00 - $569.99 = 259 shares; $570.00 to $570.99 = 1,306 shares; $571.00 - $571.99 = 930 shares; $572.00 - $572.99 = 879 shares; $573.00 - $573.99 = 583 shares; $574.00 - $574.99 = 751 shares; $575.00 - $575.99 = 1,314 shares; $576.00 = $576.99 = 457 shares; $577.00 - $577.99 = 201 shares; $578.00 - $578.99 = 1,289 shares; $579.00 - $579.99 = 1,329 shares; $580.00 - $580.99 = 532 shares; $581.00 - $581.99 = 170 shares.

F5: 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.

F6: 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.