INTUITIVE SURGICAL INC — Director's Dealing 2020

Dec 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2020-12-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-08	Common Stock	M	14000	$168.41	Acquired	263311	Direct
2020-12-08	Common Stock	S	11114	$761.7625	Disposed	252197	Direct
2020-12-08	Common Stock	G	35800	$0.0	Disposed	108757	Indirect
2020-12-08	Common Stock	G	14500	$0.0	Acquired	14500	Indirect
2020-12-09	Common Stock	S	2900	$758.3408	Disposed	11600	Indirect
2020-12-08	Common Stock	G	14500	$0.0	Acquired	14500	Indirect
2020-12-09	Common Stock	S	2900	$758.4117	Disposed	11600	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-08	Non-Qualified Stock Option (right to buy)	$168.41	M	14000	Disposed	2022-02-15	Common Stock (14000)	Direct

Footnotes

F1: The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on November 5, 2021.

F2: Previous filings made by the Reporting Person following September 27, 2005 reflected shares indirectly held by the family trust as directly held shares in Table 1. This Form 4 accurately reflects the number of shares held directly and indirectly by the Reporting Person. Except as noted in this footnote, all other information disclosed in the Reporting Person's original Form 4s filed with the SEC was accurately reported.

F3: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $755.71 to $764.45, inclusive. The Reporting Person hereby undertakes to provide to the SEC, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.

F4: The family trust gifted 6,800 shares to a Donor Advised (TIMBO) Fund and 29,000 to two trusts for the benefit of the reporting person's children.

F5: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $753.89 to $764.48, inclusive. The Reporting Person hereby undertakes to provide to the SEC, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.

F6: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $753.89 to $764.48, inclusive. The Reporting Person hereby undertakes to provide to the SEC, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.

F7: Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly thereafter.