SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Samath Jamie

(Last)

(First)

(Middle)

1020 KIFER ROAD

(Street)

SUNNYVALE

94086

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTUITIVE SURGICAL INC [ ISRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP & Principal Accounting Offi

3. Date of Earliest Transaction (Month/Day/Year)
10/24/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/24/2017		M		474	A	$238.9133	474⁽¹⁾	D
Common Stock	10/24/2017		S⁽²⁾		474	D	$371.1863	0⁽¹⁾	D
Common Stock	10/24/2017		M		104	A	$230.9967	104⁽¹⁾	D
Common Stock	10/24/2017		S⁽²⁾		104	D	$371.1863	0⁽¹⁾	D
Common Stock	10/24/2017		M		108	A	$178.3867	108⁽¹⁾	D
Common Stock	10/24/2017		S⁽²⁾		108	D	$371.1863	0⁽¹⁾	D
Common Stock	10/24/2017		M		145	A	$177.6833	145⁽¹⁾	D
Common Stock	10/24/2017		S⁽²⁾		145	D	$371.1863	0⁽¹⁾	D
Common Stock	10/24/2017		M		148	A	$171.3333	148⁽¹⁾	D
Common Stock	10/24/2017		S⁽²⁾		148	D	$371.1863	0⁽¹⁾	D
Common Stock	10/24/2017		M		292	A	$153.0467	292⁽¹⁾	D
Common Stock	10/24/2017		S⁽²⁾		292	D	$371.1863	0⁽¹⁾	D
Common Stock	10/24/2017		M		293	A	$148.03	293⁽¹⁾	D
Common Stock	10/24/2017		S⁽²⁾		293	D	$371.1863	0⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$148.03	10/24/2017		M			293	⁽³⁾	02/18/2024	Common Stock	293	$0.0	391⁽¹⁾	D
Non-Qualified Stock Option (right to buy)	$153.0467	10/24/2017		M			292	⁽⁴⁾	08/15/2024	Common Stock	292	$0.0	392⁽¹⁾	D
Non-Qualified Stock Option (right to buy)	$171.3333	10/24/2017		M			148	⁽³⁾	02/17/2025	Common Stock	148	$0.0	788⁽¹⁾	D
Non-Qualified Stock Option (right to buy)	$177.6833	10/24/2017		M			145	⁽⁴⁾	08/17/2025	Common Stock	145	$0.0	788⁽¹⁾	D
Non-Qualified Stock Option (right to buy)	$178.3867	10/24/2017	⁽¹⁾	M			108	⁽³⁾	02/16/2026	Common Stock	108	$0.0	984	D
Non-Qualified Stock Option (right to buy)	$230.9967	10/24/2017		M			104	⁽⁴⁾	08/15/2026	Common Stock	104	$0.0	985⁽¹⁾	D
Non-Qualified Stock Option (right to buy)	$238.9133	10/24/2017		M			474	⁽³⁾	02/15/2027	Common Stock	474	$0.0	2,376⁽¹⁾	D

Explanation of Responses:

1. On October 6, 2017, 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.

2. These shares were sold pursuant to a Rule 10b5-1 Trading Plan, entered into on May 5, 2017.

3. Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly thereafter.

4. Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. Option shall vest 7/48 one month after the date of grant and 1/48th each month thereafter.

	Jamie Samath	10/24/2017
	** Signature of Reporting Person	Date
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