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: Andersen Reiter Kara (Sr VP General Counsel & CCO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-15	Common Stock	M	675	$0.0	Acquired	4463	Direct
2019-02-15	Common Stock	F	234	$521.95	Disposed	4229	Direct
2019-02-15	Common Stock	M	438	$0.0	Acquired	4667	Direct
2019-02-15	Common Stock	F	207	$548.5	Disposed	4460	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	1313	Acquired	2029-02-15	Common Stock (1313)	Direct
2019-02-15	Restricted Stock Units	$0.0	M	675	Disposed	2021-02-15	Common Stock (675)	Direct
2019-02-15	Restricted Stock Units	$0.0	M	438	Disposed	2022-02-15	Common Stock (438)	Direct
2019-02-15	Restricted Stock Units	$0.0	A	2625	Acquired	2029-02-15	Common Stock (2625)	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 Employee Stock Option Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly 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.