INTUITIVE SURGICAL INC — Director's Dealing 2016

Feb 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2016-02-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-17	Common Stock	M	569.0	$0.0	Acquired	1612	Direct
2016-02-17	Common Stock	F	270.0	$0.0	Disposed	1342	Direct
2016-02-18	Common Stock	M	500.0	$0.0	Acquired	1842	Direct
2016-02-18	Common Stock	F	261.0	$0.0	Disposed	1581	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-16	Non-Qualified Stock Option (right to buy)	$535.16	A	1063.0	Acquired	2026-02-16	Common Stock (1063)	Direct
2016-02-18	Restricted Stock Units	$0.0	M	500.0	Disposed	2018-02-18	Common Stock (500)	Direct
2016-02-17	Restricted Stock Units	$0.0	M	569.0	Disposed	2019-02-17	Common Stock (569)	Direct
2016-02-16	Restricted Stock Units	$0.0	A	2125.0	Acquired	2020-02-17	Common Stock (2125)	Direct

Footnotes

F1: On 2/17/15, RSU shares were granted, vesting 25% per year over a four year period. RSUs convert into common stock on the grant date on a one-for-one basis. On 2/17/16, 25% of the shares were released and a portion of the shares were held back to cover the statutory tax withholding requirement. The net shares were deposited into the holders account

F2: On 2/18/14, RSU shares were granted, vesting 25% per year over a four year period. RSUs convert into common stock on the grant date on a one-for-one basis. On 2/18/16, 25% of the shares were released and a portion of the shares were held back to cover the statutory tax withholding requirement. The net shares were deposited into the holders account

F3: Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly thereafter.

F4: Each Restricted Stock Unit, granted pursuant to the 2010 Employee Stock Option Plan, represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period of time.