INTUITIVE SURGICAL INC — Director's Dealing 2021

Feb 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2019-02-19

Reporting Person: Myriam Curet (EVP & Chief Medical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-19	Common Stock	S	2938	$543.5140	Disposed	94	Direct
2021-02-15	Common Stock	M	999	$0.00	Acquired	1093	Direct
2021-02-15	Common Stock	F	496	$0.00	Disposed	597	Direct
2021-02-15	Common Stock	M	1000	$0.00	Acquired	1597	Direct
2021-02-15	Common Stock	F	394	$0.00	Disposed	1203	Direct
2021-02-15	Common Stock	M	583	$0.00	Acquired	1786	Direct
2021-02-15	Common Stock	F	207	$0.00	Disposed	1579	Direct
2021-02-17	Common Stock	S	1485	$782	Disposed	94	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-15	Restricted Stock Units	$0.00	M	999	Disposed	2021-02-15	Common Stock (999)	Direct
2021-02-15	Restricted Stock Units	$0.00	M	1000	Disposed	2022-02-15	Common Stock (1000)	Direct
2021-02-15	Restricted Stock Units	$0.00	M	583	Disposed	2023-02-15	Common Stock (583)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30	Indirect

Footnotes

F1: The amount of securities beneficially owned in Column 5 is as of this Form 4 filing date, not as of the transaction date.

F2: Includes 46 shares acquired pursuant to the Issuer's Employee Stock Purchase Plan on January 31, 2021.

F3: RSUs convert into common stock on the vest date on a one-for-one basis. On the transaction date, 25% of the shares were released and a portion of the shares were held back to cover the statutory tax withholding requirement. The net shares were deposited into the holders account.

F4: These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on July 26, 2021.

F5: The Reporting Person's Form 5 filed with the SEC on 1/24/2019 reported in error a gift of 30 shares on 9/13/2018 and thus the Reporting Person's ownership in subsequent Section 16 reports was understated by 30 shares. This Form 4 corrects the aforementioned error.

F6: 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.