INTUITIVE SURGICAL INC — Director's Dealing 2019

Aug 1, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2019-07-29

Reporting Person: MOHR MARSHALL (Executive VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-29	Common Stock	M	7500	$113.73	Acquired	20135	Direct
2019-07-29	Common Stock	S	7500	$526.1403	Disposed	12635	Direct
2019-07-29	Common Stock	M	7500	$113.73	Acquired	20135	Direct
2019-07-29	Common Stock	S	7500	$526.0854	Disposed	12635	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-29	Non-Qualified Stock Option (right to buy)	$113.73	M	7500	Disposed	2021-02-15	Common Stock (7500)	Direct
2019-07-29	Non-Qualified Stock Option (right to buy)	$113.73	M	7500	Disposed	2021-02-15	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	726	Indirect

Footnotes

F1: The trades are in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on September 14, 2019.

F2: The average selling price for the transactions was $526.1403 The shares sold at: $523.00 - $523.99 = 600 shares; $524.00 - $524.99 = 1,176 shares; $525.00 - $525.99 = 1,265 shares; $526.00 to $526.99 = 2,063 shares; $527.00 - $527.99 = 1,560 shares; and $528.00 - $528.99 = 836 shares.

F3: The average selling price for the transactions was $526.0853 The shares sold at: $523.00 - $523.99 = 670 shares; $524.00 - $524.99 = 1,150 shares; $525.00 - $525.99 = 1,081 shares; $526.00 to $526.99 = 2,538 shares; $527.00 - $527.99 = 1,560 shares; and $528.00 - $528.99 = 501 shares.

F4: The Reporting Person's Form 4 filed with the SEC on February 21, 2019 inadvertently overstated the amount of securities beneficially owned following the reported transaction by 78 shares in Column 5 of Table I. This Form 4 reflects an adjustment to Column 5 total to correct the aforementioned error. Except as otherwise noted in this footnote, all other information disclosed in the Reporting Person's original Form 4 was accurately reported.

F5: Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 1/8 six months after the date of grant and 1/48th each month thereafter.