INTUITIVE SURGICAL INC — Director's Dealing 2019

Feb 21, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2019-02-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-15	Common Stock	M	2000	$0.0	Acquired	353300	Direct
2019-02-15	Common Stock	M	1417	$0.0	Acquired	354717	Direct
2019-02-15	Common Stock	F	992	$0.0	Disposed	353725	Direct
2019-02-15	Common Stock	F	703	$0.0	Disposed	353022	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-15	Non-Qualified Stock Option (right to buy)	$548.5	A	7500	Acquired	2029-02-15	Common Stock (7500)	Direct
2019-02-15	Restricted Stock Units	$0.0	M	2000	Disposed	2021-02-15	Common Stock (2000)	Direct
2019-02-15	Restricted Stock Units	$0.0	M	1417	Disposed	2022-02-15	Common Stock (1417)	Direct
2019-02-15	Restricted Stock Units	$0.0	A	5000	Acquired	2023-02-15	Common Stock (5000)	Direct

Footnotes

F1: On 2/15/17, 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 2/15/19, 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

F2: On 2/15/18, 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 2/15/19, 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: 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.

F4: 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.