INTUITIVE SURGICAL INC — Director's Dealing 2017

Feb 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2017-02-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-17	Common Stock	M	569	$0.0	Acquired	2274	Direct
2017-02-17	Common Stock	F	217	$0.0	Disposed	2057	Direct
2017-02-21	Common Stock	M	500	$0.0	Acquired	2557	Direct
2017-02-21	Common Stock	M	1500	$334.3	Acquired	4057	Direct
2017-02-21	Common Stock	S	1500	$724.636	Disposed	2557	Direct
2017-02-21	Common Stock	M	750	$334.3	Acquired	3307	Direct
2017-02-21	Common Stock	S	750	$724.468	Disposed	2557	Direct
2017-02-21	Common Stock	M	750	$334.3	Acquired	3307	Direct
2017-02-21	Common Stock	S	750	$724.5687	Disposed	2557	Direct
2017-02-21	Common Stock	M	750	$334.3	Acquired	3307	Direct
2017-02-21	Common Stock	S	750	$724.6327	Disposed	2557	Direct
2017-02-21	Common Stock	M	5000	$383.73	Acquired	7557	Direct
2017-02-21	Common Stock	S	5000	$725.0	Disposed	2557	Direct
2017-02-21	Common Stock	F	261	$0.0	Disposed	2296	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-21	Non-Qualified Stock Option (right to buy)	$334.3	M	1500	Disposed	2020-02-16	Common Stock (1500)	Direct
2017-02-21	Non-Qualified Stock Option (right to buy)	$334.3	M	750	Disposed	2020-02-16	Common Stock (750)	Direct
2017-02-21	Non-Qualified Stock Option (right to buy)	$334.3	M	750	Disposed	2020-02-16	Common Stock (750)	Direct
2017-02-21	Non-Qualified Stock Option (right to buy)	$334.3	M	750	Disposed	2020-02-16	Common Stock (750)	Direct
2017-02-21	Non-Qualified Stock Option (right to buy)	$383.73	M	5000	Disposed	2023-08-15	Common Stock (5000)	Direct
2017-02-21	Restricted Stock Units	$0.0	M	500	Disposed	2018-02-18	Common Stock (500)	Direct
2017-02-17	Restricted Stock Units	$0.0	M	569	Disposed	2019-02-17	Common Stock (569)	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 vest date on a one-for-one basis. On 2/17/17, 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: These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on June 3, 2016.

F3: On 2/18/14, RSU shares were granted, vesting 25% per year over a four year period. RSUs convert into common stock on the vest date on a one-for-one basis. On 2/21/17, 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

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.

F5: Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. Option shall vest 7/48 one month after the date of grant and 1/48th each month thereafter.

F6: 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.