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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 6/15/20 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1035267 |
| Issuer Name: INTUITIVE SURGICAL INC |
| Issuer Trading Symbol: ISRG |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1519593 |
| | Owner Name: Rosa David J. |
| Reporting Owner Address: |
| | Owner Street 1: 1020 KIFER ROAD |
| | Owner Street 2: |
| | Owner City: SUNNYVALE |
| | Owner State: CA |
| | Owner ZIP Code: 94086 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: EVP and Chief Business Officer |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 6/15/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 24,000 |
| | | Transaction Price Per Share: |
| Value: 113.73 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 37,269 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 6/15/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 17,950 |
| | | Transaction Price Per Share: |
| Value: 553.4933 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 19,319 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Non-Qualified Stock Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 113.73 |
| | Transaction Date: |
| | | Value: 6/15/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 24,000 |
| | | Transaction Price Per Share: |
| Value: 0.0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 2/15/21 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 24,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 24,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on May 13,2021. |
| Footnote - F2: The average selling price for the transaction was $553.49326. The shares sold at $544.87 = 100 shares; $546.247 - $546.50 = 1,323 shares; $547.20 - $547.87 = 1,100 shares; $548.41 - $548.98 = 525 shares; $549.97 - $549.98 - 1,600 shares; $550.15 - $550.72 = 2,304 shares; $551.02 - $551.709 = 250 shares; $552.31 - $552.31 = 400 shares; $555 - $555.03 = 3,350 shares; $556.34 - $556.88 = 1,156 shares; $557.08 - $557.955 = 2,628 shares; $558 - $558.33 = 3,214 shares. |
| Footnote - 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. |
| Owner Signature: |
| Signature Name: By: Donna Spinola For: David J Rosa |
| Signature Date: 6/16/20 |
