Sec Form 4 Filing - LEVY ALAN J @ INTUITIVE SURGICAL INC - 2021-04-22

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
LEVY ALAN 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)
04/22/2021
(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 04/22/2021 M 255 A $ 0 8,094 D
Common Stock 04/23/2021 M( 1 ) 2,500 A $ 161.2667 10,594 D
Common Stock 04/23/2021 S( 1 ) 2,500 D $ 856.788 ( 2 ) 8,094 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) $ 161.2667 04/23/2021 M( 1 ) 2,500 ( 3 ) 04/25/2023 Common Stock 2,500 $ 0 1,375 D
Non-Qualified Stock Option (right to buy) $ 859.66 04/22/2021 A 557 ( 3 ) 04/22/2031 Common Stock 557 $ 0 557 D
Restricted Stock Units $ 0 04/22/2021 M 255 ( 4 ) 04/23/2021 Common Stock 255 $ 0 0 D
Restricted Stock Units $ 0 04/22/2021 A 185 ( 4 ) ( 4 ) Common Stock 185 $ 0 185 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEVY ALAN J
1020 KIFER ROAD
SUNNYVALE, CA94086
X
Signatures
By: Donna Spinola For: Alan J Levy 04/26/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on December 1, 2021.
( 2 )The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $848.01 to $862.77,inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
( 3 )100% of the shares subject to the option shall vest on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders, subject to the ReportingPerson's continued service as a director to the issuer.
( 4 )100% of the RSUs shall vest on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders, subject to the Reporting Person's continued service.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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