INTUITIVE SURGICAL INC — Director's Dealing 2019

Feb 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2019-02-19

Reporting Person: Samath Jamie (VP & Principal Accounting Offi)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-19	Common Stock	M	59	$238.9133	Acquired	636	Direct
2019-02-19	Common Stock	S	59	$544.0	Disposed	577	Direct
2019-02-19	Common Stock	M	35	$230.9967	Acquired	612	Direct
2019-02-19	Common Stock	S	35	$544.0	Disposed	577	Direct
2019-02-19	Common Stock	M	35	$178.3867	Acquired	612	Direct
2019-02-19	Common Stock	S	35	$544.0	Disposed	577	Direct
2019-02-19	Common Stock	M	50	$177.6833	Acquired	627	Direct
2019-02-19	Common Stock	S	50	$544.0	Disposed	577	Direct
2019-02-19	Common Stock	M	49	$171.3333	Acquired	626	Direct
2019-02-19	Common Stock	S	49	$544.0	Disposed	577	Direct
2019-02-19	Common Stock	M	843	$0.0	Acquired	1420	Direct
2019-02-19	Common Stock	F	370	$0.0	Disposed	1050	Direct
2019-02-19	Common Stock	M	730	$0.0	Acquired	1780	Direct
2019-02-19	Common Stock	F	362	$0.0	Disposed	1418	Direct
2019-02-20	Common Stock	S	1339	$546.6068	Disposed	79	Direct
2019-02-21	Common Stock	M	431	$418.56	Acquired	510	Direct
2019-02-21	Common Stock	S	431	$550.0	Disposed	79	Direct
2019-02-21	Common Stock	M	238	$328.4567	Acquired	317	Direct
2019-02-21	Common Stock	S	238	$550.0	Disposed	79	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-19	Non-Qualified Stock Option (right to buy)	$171.3333	M	49	Disposed	2025-02-17	Common Stock (49)	Direct
2019-02-19	Non-Qualified Stock Option (right to buy)	$177.6833	M	50	Disposed	2025-08-17	Common Stock (50)	Direct
2019-02-19	Non-Qualified Stock Option (right to buy)	$178.3867	M	35	Disposed	2026-02-16	Common Stock (35)	Direct
2019-02-19	Non-Qualified Stock Option (right to buy)	$230.9967	M	35	Disposed	2026-08-15	Common Stock (35)	Direct
2019-02-19	Non-Qualified Stock Option (right to buy)	$238.9133	M	59	Disposed	2027-02-15	Common Stock (59)	Direct
2019-02-21	Non-Qualified Stock Option (right to buy)	$328.4567	M	238	Disposed	2027-08-15	Common Stock (238)	Direct
2019-02-21	Non-Qualified Stock Option (right to buy)	$418.56	M	431	Disposed	2028-02-15	Common Stock (431)	Direct
2019-02-19	Restricted Stock Units	$0.0	M	730	Disposed	2019-02-17	Common Stock (730)	Direct
2019-02-19	Restricted Stock Units	$0.0	M	843	Disposed	2020-02-17	Common Stock (843)	Direct

Footnotes

F1: These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on November 4, 2019.

F2: 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 2/16/19, 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.

F3: On 2/17/15, 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 2/17/19, 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.

F4: 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.

F5: Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. Option shall vest 7/48 one month after the date of grant and 1/48th each month thereafter.

F6: 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.