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: MOHR MARSHALL (SVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-17	Common Stock	M	704	$0.0	Acquired	2291	Direct
2017-02-17	Common Stock	M	2000	$303.27	Acquired	4291	Direct
2017-02-17	Common Stock	S	2000	$725.0	Disposed	2291	Direct
2017-02-17	Common Stock	F	368	$0.0	Disposed	1923	Direct
2017-02-21	Common Stock	M	521	$0.0	Acquired	2444	Direct
2017-02-21	Common Stock	F	272	$0.0	Disposed	2172	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-17	Non-Qualified Stock Option (right to buy)	$303.27	M	2000	Disposed	2018-02-15	Common Stock (2000)	Direct
2017-02-17	Restricted Stock Units	$0.0	M	704	Disposed	2018-02-17	Common Stock (704)	Direct
2017-02-21	Restricted Stock Units	$0.0	M	521	Disposed	2018-02-18	Common Stock (521)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	242	Indirect

Footnotes

F1: These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on November 7, 2016.

F2: 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

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: 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.