INTUITIVE SURGICAL INC — Director's Dealing 2017

Oct 25, 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: BARRATT CRAIG H (Director, Board of Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-24	Common Stock	M	7500	$119.0633	Acquired	7500	Direct
2017-10-24	Common Stock	S	7500	$371.1598	Disposed	0	Direct
2017-10-24	Common Stock	M	7500	$119.0633	Acquired	7500	Direct
2017-10-24	Common Stock	S	7500	$371.2033	Disposed	0	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	7500	Disposed	2021-04-21	Common Stock (7500)	Direct
2017-10-24	Non-Qualified Stock Option (right to buy)	$119.0633	M	7500	Disposed	2021-04-21	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6423	Indirect

Footnotes

F1: The shares were sold subject to a 10b5-1 trading plan established on 08-24-17.

F2: 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.

F3: Non-statutory stock option granted pursuant to the Non-Employee Directors' Stock Option Plan. Option shall vest 1/3rd one year after the date of grant and 1/36th each month thereafter.