INTUITIVE SURGICAL INC — Director's Dealing 2017

Feb 17, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2017-02-15

Reporting Person: GUTHART GARY S (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-16	Common Stock	M	1125	$0.0	Acquired	70415	Direct
2017-02-16	Common Stock	F	554	$0.0	Disposed	69861	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-15	Non-Qualified Stock Option (right to buy)	$716.74	A	4000	Acquired	2027-02-15	Common Stock (4000)	Direct
2017-02-16	Restricted Stock Units	$0.0	M	1125	Disposed	2020-02-17	Common Stock (1125)	Direct
2017-02-15	Restricted Stock Units	$0.0	A	2667	Acquired	2021-02-15	Common Stock (2667)	Direct

Footnotes

F1: On 2/16/16, 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 2/16/17, 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: 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.

F3: 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.