INTUITIVE SURGICAL INC — Director's Dealing 2020

Jul 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2020-07-24

Reporting Person: DeSantis Robert (Executive VP & GM IA&E)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-24	Common Stock	S	1033	$666.6872	Disposed	3348	Direct
2020-07-24	Common Stock	M	382	$230.9967	Acquired	3730	Direct
2020-07-24	Common Stock	S	382	$665.5686	Disposed	3348	Direct
2020-07-24	Common Stock	M	383	$178.3867	Acquired	3731	Direct
2020-07-24	Common Stock	S	383	$665.5686	Disposed	3348	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-24	Non-Qualified Stock Option (right to buy)	$178.3867	M	383	Disposed	2026-02-16	Common Stock (383)	Direct
2020-07-24	Non-Qualified Stock Option (right to buy)	$	M	382	Disposed	2026-08-15	Common Stock (382)	Direct

Footnotes

F1: These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on May 31, 2021.

F2: The average selling price for the transaction was $666.687162. The shares sold at $663.33-$663.42 = 300 shares; $664.75 - $664.84 = 200 shares; $665.13 = 17 shares; $667.65 = 100 shares; $668 = 100 shares; $670.133 - $670.65 = 316 shares.

F3: The average selling price for the transaction was $665.568628. The shares sold at $663.08-$663.42 = 400 shares;$665.13 = 12 shares;$666.66 = 100 shares; $667.65 - $667.65 = 100 shares; 668.98 = 100 shares; $670.44 - $670.47 = 53 shares.

F4: 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.

F5: The exercise price to the shares underlying this grant is $230.9967, equal to 100% of the closing FMV of the Company on the date of grant.