INTUITIVE SURGICAL INC — Director's Dealing 2021

Oct 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2021-10-22

Reporting Person: DeSantis Robert (EVP & Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-22	Common Stock	M	198	$245.60	Acquired	1290	Direct
2021-10-22	Common Stock	S	198	$339.75	Disposed	1092	Direct
2021-10-22	Common Stock	M	270	$242.3367	Acquired	1362	Direct
2021-10-22	Common Stock	S	270	$339.75	Disposed	1092	Direct
2021-10-22	Common Stock	M	273	$179.70	Acquired	1365	Direct
2021-10-22	Common Stock	S	273	$339.75	Disposed	1092	Direct
2021-10-22	Common Stock	M	273	$177.9867	Acquired	1365	Direct
2021-10-22	Common Stock	S	273	$339.75	Disposed	1092	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-22	Non-Qualified Stock Option (right to buy)	$177.9867	M	273	Disposed	2030-02-28	Common Stock (273)	Direct
2021-10-22	Non-Qualified Stock Option (right to buy)	$242.3367	M	270	Disposed	2030-08-28	Common Stock (270)	Direct
2021-10-22	Non-Qualified Stock Option (right to buy)	$245.60	M	198	Disposed	2031-02-26	Common Stock (198)	Direct
2021-10-22	Non-Qualified Stock Option (right to buy)	$245.60	M	273	Disposed	2031-02-26	Common Stock (273)	Direct

Footnotes

F1: These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on June 1, 2022.

F2: On October 5, 2021, the common stock and equity grants of Intuitive Surgical split 3-for-1, resulting in the reporting person's ownership of the company's stock and equity grants to increase (for every one share owned or granted, 2 additional shares were issued) and the exercise price of stock option grants to decrease to 1/3rd of the original grant price.

F3: 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.

F4: Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 7/48th one month after the date of grant and 1/48th monthly thereafter.

F5: Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. The grant vests 25% on the first anniversary of the date of grant and 1/48th monthly thereafter, over a four year period of time.