INTUITIVE SURGICAL INC — Director's Dealing 2020

Feb 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2020-02-15

Reporting Person: MOHR MARSHALL (Executive VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-15	Common Stock	M	1250	$0.0	Acquired	13697	Direct
2020-02-15	Common Stock	F	620	$0.0	Disposed	13077	Direct
2020-02-15	Common Stock	M	708	$0.0	Acquired	13785	Direct
2020-02-15	Common Stock	F	352	$0.0	Disposed	13433	Direct
2020-02-15	Common Stock	M	584	$0.0	Acquired	14017	Direct
2020-02-15	Common Stock	F	290	$0.0	Disposed	13727	Direct
2020-02-16	Common Stock	M	1875	$0.0	Acquired	15602	Direct
2020-02-16	Common Stock	F	930	$0.0	Disposed	14672	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-15	Restricted Stock Units	$0.0	M	1250	Disposed	2020-02-17	Common Stock (1250)	Direct
2020-02-16	Restricted Stock Units	$0.0	M	1875	Disposed	2021-02-15	Common Stock (1875)	Direct
2020-02-15	Restricted Stock Units	$0.0	M	708	Disposed	2022-02-15	Common Stock (708)	Direct
2020-02-15	Restricted Stock Units	$0.0	M	584	Disposed	2023-02-15	Common Stock (584)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	726	Indirect

Footnotes

F1: RSUs vest 25% per year over a four year period, commencing on the first anniversary of the grant date. RSUs convert into common stock on the vest date on a one-for-one basis. 25 % of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account.

F2: Each RSU granted 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.

F3: 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.