INTUITIVE SURGICAL INC — Director's Dealing 2020

Feb 19, 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: GUTHART GARY S (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-15	Common Stock	M	1250	$0.0	Acquired	382620	Direct
2020-02-15	Common Stock	F	620	$0.0	Disposed	382000	Direct
2020-02-15	Common Stock	M	2000	$0.0	Acquired	384000	Direct
2020-02-15	Common Stock	F	992	$0.0	Disposed	383008	Direct
2020-02-15	Common Stock	M	1417	$0.0	Acquired	384425	Direct
2020-02-15	Common Stock	F	703	$0.0	Disposed	383722	Direct
2020-02-16	Common Stock	M	3375	$0.0	Acquired	387097	Direct
2020-02-16	Common Stock	F	1674	$0.0	Disposed	385423	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-16	Restricted Stock Units	$0.0	M	3375	Disposed	2020-02-17	Common Stock (3375)	Direct
2020-02-15	Restricted Stock Units	$0.0	M	2000	Disposed	2021-02-15	Common Stock (2000)	Direct
2020-02-15	Restricted Stock Units	$0.0	M	1417	Disposed	2022-02-15	Common Stock (1417)	Direct
2020-02-15	Restricted Stock Units	$0.0	M	1250	Disposed	2023-02-15	Common Stock (1250)	Direct

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.