Edgar Filing: INTUITIVE SURGICAL INC

Ownership Submission

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 OF SECURITIES

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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3235-0287

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January 31, 2005

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

SMITH LONNIE M

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
__X__ Officer (give title below)	_____ Other (specify below)
Chairman of the Board

(Last)

(First)

(Middle)

1266 KIFER ROAD

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2007

(Street)

SUNNYVALE, CA 94086

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	10/29/2007	10/29/2007	G⁽¹⁾		20,000	D	$ 0	327,336 ⁽²⁾	D
Common	06/02/2008	06/02/2008	G⁽¹⁾		20,439	D	$ 0	327,336 ⁽²⁾	D
Common	11/13/2008	11/13/2008	G⁽³⁾		12,360	A	$ 0	327,336 ⁽²⁾	D
Common	11/17/2008	11/17/2008	G⁽⁴⁾		44,205	D	$ 0	327,336 ⁽²⁾	D
Common	05/22/2009	05/22/2009	G⁽⁵⁾		30,000	D	$ 0	327,336 ⁽²⁾	D
Common	05/23/2009	05/23/2009	G⁽⁶⁾		30,000	D	$ 0	327,336 ⁽²⁾	D
Common	06/05/2009	06/05/2009	G⁽¹⁾		11,609	A	$ 0	327,336 ⁽²⁾	D
Common	11/23/2009	11/23/2009	G⁽⁷⁾		6,392	A	$ 0	327,336 ⁽²⁾	D
Common	11/23/2009	11/23/2009	G⁽³⁾		7,640	A	$ 0	327,336 ⁽²⁾	D
Common	05/24/2010	05/24/2010	G⁽⁸⁾		3,992	A	$ 0	327,336 ⁽²⁾	D
Common	07/02/2010	07/02/2010	G⁽⁹⁾		6,553	A	$ 0	327,336 ⁽²⁾	D
Common	08/23/2010	08/23/2010	G⁽¹⁰⁾		30,000	D	$ 0	327,336 ⁽²⁾	D
Common	11/29/2010	11/29/2010	G⁽⁷⁾		8,050	A	$ 0	327,336 ⁽²⁾	D
Common	11/29/2010	11/29/2010	G⁽¹¹⁾		9,656	A	$ 0	327,336 ⁽²⁾	D
Common	10/29/2007	10/29/2007	G⁽¹⁾		20,000	A	$ 0	0 ⁽¹²⁾	I	GRAT No. 1
Common	06/02/2008	06/02/2008	G⁽¹⁾		20,439	A	$ 0	0 ⁽¹²⁾	I	GRAT No. 1
Common	11/13/2008	11/13/2008	G⁽³⁾		12,360	D	$ 0	0 ⁽¹²⁾	I	GRAT No. 1
Common	11/17/2008	11/17/2008	G⁽⁴⁾		44,205	A	$ 0	0 ⁽¹²⁾	I	GRAT No. 3
Common	05/22/2009	05/22/2009	G⁽⁵⁾		30,000	A	$ 0	0 ⁽¹²⁾	I	GRAT No. 4
Common	05/23/2009	05/23/2009	G⁽⁶⁾		30,000	A	$ 0	20,344 ⁽¹²⁾	I	GRAT No. 5
Common	06/05/2009	06/05/2009	G⁽¹⁾		11,609	D	$ 0	0 ⁽¹²⁾	I	GRAT No. 1
Common	11/23/2009	11/23/2009	G⁽⁴⁾		6,392	D	$ 0	0 ⁽¹²⁾	I	GRAT No. 3
Common	11/23/2009	11/23/2009	G⁽³⁾		7,640	D	$ 0	0 ⁽¹²⁾	I	GRAT No. 1
Common	05/24/2010	05/24/2010	G⁽⁵⁾		3,992	D	$ 0	0 ⁽¹²⁾	I	GRAT No. 4
Common	07/02/2010	07/02/2010	G⁽¹⁾		6,553	D	$ 0	0 ⁽¹²⁾	I	GRAT No. 1
Common	08/23/2010	08/23/2010	G⁽¹⁰⁾		30,000	A	$ 0	30,000 ⁽¹²⁾	I	GRAT No. 6
Common	11/29/2010	11/29/2010	G⁽⁴⁾		8,050	D	$ 0	0 ⁽¹²⁾	I	GRAT No. 3
Common	11/29/2010	11/29/2010	G⁽⁶⁾		9,656	D	$ 0	20,344 ⁽¹²⁾	I	GRAT No. 5

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SMITH LONNIE M 1266 KIFER ROAD SUNNYVALE, CA 94086	X		Chairman of the Board

Signatures

/s/ Lonnie Smith		07/25/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The reporting person contributed shares to a grantor retained annuity trust No. 1 ("GRAT No.1"). The sole trustee of GRAT No. 1 is The Trust Company of Oxford.
(2)	Previous filings made by the reporting person included indirect shares contributed to grantor retained annuity trusts as directly owned shares. This filing correctly reports the number of shares directly owned by the reporting person. The total number of shares beneficially owned is as of the date of this filing and not as of the transaction date in Box 3.
(3)	Shares were distributed by GRAT No. 1 to the reporting person.
(4)	The reporting person contributed shares to a grantor retained annuity trust No. 3 ("GRAT No. 3"). The sole trustee of GRAT No. 3 is The Trust Company of Oxford.
(5)	The reporting person contributed shares to a grantor retained annuity trust No. 4 ("GRAT No. 4"). The sole trustee of GRAT No. 4 is The Trust Company of Oxford.
(6)	The reporting person contributed shares to a grantor retained annuity trust No. 5 ("GRAT No. 5"). The sole trustee of GRAT No. 5 is The Trust Company of Oxford.
(7)	Shares were distributed by GRAT No. 3 to the reporting person.
(8)	Shares were distributed by GRAT No. 4 to the reporting person.
(9)	Shares were distributed by a grantor retained annuity trust #2 ("GRAT No. 2"} to the reporting person.
(10)	The reporting person contributed shares to a grantor retained annuity trust No. 6 ("GRAT No. 6"). The sole trustee of GRAT No. 6 is The Trust Company of Oxford.
(11)	Shares were distributed by GRAT No. 5 to the reporting person.
(12)	Previous filings made by the reporting person included indirect shares held by grantor retained annuity trusts as directly owned shares. This filing correctly reports the shares held by the grantor retained annuity trusts as indirectly owned shares. The total number of shares beneficially owned is as of the date of this filing and not as of the transaction date in Box 3.

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