INTUITIVE SURGICAL INC — Director's Dealing 2017

Apr 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2017-04-20

Reporting Person: SMITH LONNIE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-20	Common Stock	M	443	$0.0	Acquired	232638	Direct
2017-04-21	Common Stock	S	3000	$810.124	Disposed	229638	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-20	Non-Qualified Stock Option (right to buy)	$814.45	A	607	Acquired	2027-04-20	Common Stock (607)	Direct
2017-04-20	Restricted Stock Units	$0.0	A	202	Acquired	2018-02-21	Common Stock (202)	Direct
2017-04-20	Restricted Stock Units	$0.0	M	443	Disposed	2020-04-21	Common Stock (443)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	84685	Indirect

Footnotes

F1: These shares were acquired from the vest and release of an RSU grant previously issued to the Filer.

F2: These shares were sold pursuant to a 10b5-1 Trading Plan, entered into on 11-3-16.

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.

F4: 100% of the grant will vest on the anniversary date of the grant or the next Annual Shareholders Meeting, whichever takes place first, provided however that vesting will cease on termination of the Director's service to the company.