INTUITIVE SURGICAL INC — Director's Dealing 2018

Feb 6, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2018-02-01

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-01	Non-Qualified Stock Option (right to buy)	$178.3867	D	4119	Disposed	2026-02-16	Common Stock (4119)	Direct
2018-02-01	Non-Qualified Stock Option (right to buy)	$230.9967	D	6750	Disposed	2026-08-15	Common Stock (6750)	Direct

Footnotes

F1: The remaining shares subject to the option will continue to vest as to 1/8th of the shares six months following 2/16/2016 and 1/48th monthly thereafter.

F2: The option was cancelled with respect to the number of shares reported pursuant to an agreement between the reporting person and the issuer. The option cancellation was in partial satisfaction of the terms of a settlement of claims brought in a purported stockholder's derivative lawsuit against the reporting person, among other current and former officers and directors of the issuer, and the issuer as a nominal defendant.

F3: The option was vesting as to 7/48th of the shares one month following 8/15/2016 and 1/48th monthly thereafter immediately prior to cancellation.