INTUITIVE SURGICAL INC — Director's Dealing 2022

Feb 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2022-02-15

Reporting Person: Andersen Reiter Kara (Sr VP General Counsel & CCO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-15	Common Stock	M	1311	$0.0	Acquired	15919	Direct
2022-02-15	Common Stock	F	472	$289.31	Disposed	15447	Direct
2022-02-15	Common Stock	M	1968	$0.0	Acquired	17415	Direct
2022-02-15	Common Stock	F	681	$289.31	Disposed	16734	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-15	Restricted Stock Units	$0.0	M	1311	Disposed	2022-02-15	Common Stock (1311)	Direct
2022-02-15	Restricted Stock Units	$0.0	M	1968	Disposed	2029-02-15	Common Stock (1968)	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: 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: 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.