Sec Form 4 Filing - RUBASH MARK J @ INTUITIVE SURGICAL INC - 2017-10-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
RUBASH MARK J
2. Issuer Name and Ticker or Trading Symbol
INTUITIVE SURGICAL INC [ ISRG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1020 KIFER ROAD
3. Date of Earliest Transaction (MM/DD/YY)
10/24/2017
(Street)
SUNNYVALE, CA94086
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 10/24/2017 M 3,000 A $ 123.7733 6,453 ( 1 ) D
Common Stock 10/24/2017( 1 ) S( 2 ) 3,000 D $ 371.1707 3,453 D
Common Stock 10/24/2017 M( 2 ) 3,000 A $ 193.08 6,453 ( 1 ) D
Common Stock 10/24/2017 S 3,000 D $ 371.1731 3,453 ( 1 ) D
Common Stock 10/24/2017 M 750 A $ 119.0633 4,203 ( 1 ) D
Common Stock 10/24/2017 S( 2 ) 750 D $ 371.1731 3,453 ( 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $ 119.0633 10/24/2017 M 750 ( 3 ) 04/21/2021 Common Stock 750 $ 0 0 ( 1 ) D
Non-Qualified Stock Option (right to buy) $ 123.7733 10/24/2017 M 3,000 ( 3 ) 04/24/2024 Common Stock 3,000 $ 0 189 ( 1 ) D
Non-Qualified Stock Option (right to buy) $ 193.08 10/24/2017 ( 1 ) M 3,000 ( 3 ) 04/19/2022 Common Stock 3,000 $ 0 4,500 ( 1 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RUBASH MARK J
1020 KIFER ROAD
SUNNYVALE, CA94086
X
Signatures
By: Lori Serrano For: Mark J Rubash 10/26/2017
Signature of Reporting Person Date
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 August 21, 2017.
( 3 )Non-statutory stock option granted pursuant to the Non-Employee Directors' Stock Option Plan. Option shall vest 100% one year after the date of grant or at the next Shareholders Meeting, whichever should take place first, provided that vesting will cease on termination of the Directors service to the Company.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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