INTUITIVE SURGICAL INC — Director's Dealing 2018

Apr 21, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2018-04-19

Reporting Person: SMITH LONNIE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-19	Common Stock	M	606	$0.0	Acquired	514137	Direct
2018-04-20	Common Stock	S	41667	$456.694	Disposed	472470	Direct
2018-04-20	Common Stock	S	5000	$456.694	Disposed	295413	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-04-19	Non-Qualified Stock Option (right to buy)	$462.71	A	1352	Acquired	2028-04-19	Common Stock (1352)	Direct
2018-04-19	Restricted Stock Units	$0.0	M	606	Disposed	2018-02-21	Common Stock (606)	Direct
2018-04-19	Restricted Stock Units	$0.0	A	450	Acquired	2022-04-19	Common Stock (450)	Direct

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 adopted by the reporting person on March 9, 2018.

F3: These shares were sold pursuant to a 10b5-1 Plan. The shares were sold at an average price of $456.694. The actual selling price of the shares was: 1,109 at $453.00 - $453.99; 9,363 at $454.00 - $454.99; 4,680 at $455.00 - $455.99; 7,952 at $456.00 - $456.99; 12,279 at $457.00 - $457.99; 10,426 at $458.00 - $458.99; and 858 at $459.00 - $459.99.

F4: 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.

F5: 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.

F6: Restricted Stock Units (RSUs) are granted pursuant to the 2010 Incentive Award Plan. The RSUs fully vest on the first anniversary of the date of grant.