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: MOHR MARSHALL (Executive VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-15	Common Stock	M	1959	—	Acquired	11518	Direct
2019-02-15	Common Stock	F	1959	$548.5	Disposed	10546	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-15	Restricted Stock Units	$0	A	2333	Acquired	2023-02-15	Common Stock (2333)	Direct
2019-02-15	Stock Option (Right to Buy)	$548.5	A	3500	Acquired	2029-02-15	Common Stock (3500)	Direct
2019-02-15	Restricted Stock Units	$0	M	1250	Disposed	2021-02-15	Common Stock (1250)	Direct
2019-02-15	Restricted Stock Units	$0	M	709	Disposed	2022-02-15	Common Stock (709)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	726	Indirect

Footnotes

F1: 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.

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: 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.

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.