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: MOHR MARSHALL (SVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-16	Common Stock	F	327	$0.0	Disposed	962	Direct
2017-02-16	Common Stock	M	625	$0.0	Acquired	1587	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	2500	Acquired	2027-02-15	Common Stock (2500)	Direct
2017-02-16	Restricted Stock Units	$0.0	M	625	Disposed	2020-02-17	Common Stock (625)	Direct
2017-02-15	Restricted Stock Units	$0.0	A	1667	Acquired	2021-02-15	Common Stock (1667)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	242	Indirect

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.