INTUITIVE SURGICAL INC — Director's Dealing 2017

Oct 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2017-10-24

Reporting Person: RUBASH MARK J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-24	Common Stock	M	3000	$123.7733	Acquired	6453	Direct
2017-10-24	Common Stock	S	3000	$371.1707	Disposed	3453	Direct
2017-10-24	Common Stock	M	3000	$193.08	Acquired	6453	Direct
2017-10-24	Common Stock	S	3000	$371.1731	Disposed	3453	Direct
2017-10-24	Common Stock	M	750	$119.0633	Acquired	4203	Direct
2017-10-24	Common Stock	S	750	$371.1731	Disposed	3453	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-24	Non-Qualified Stock Option (right to buy)	$119.0633	M	750	Disposed	2021-04-21	Common Stock (750)	Direct
2017-10-24	Non-Qualified Stock Option (right to buy)	$123.7733	M	3000	Disposed	2024-04-24	Common Stock (3000)	Direct
2017-10-24	Non-Qualified Stock Option (right to buy)	$193.08	M	3000	Disposed	2022-04-19	Common Stock (3000)	Direct

Footnotes

F1: On October 6, 2017, the common stock and equity grants of Intuitive Surgical split 3-for-1, resulting in the reporting person's ownership of the company's stock and equity grants to increase (for every one share owned or granted, 2 additional shares were issued) and the exercise price of stock option grants to decrease to 1/3rd of the original grant price.

F2: These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on August 21, 2017.

F3: Non-statutory stock option granted pursuant to the Non-Employee Directors' Stock Option Plan. Option shall vest 100% one year after the date of grant or at the next Shareholders Meeting, whichever should take place first, provided that vesting will cease on termination of the Directors service to the Company.