KYPHON INC 4

4 · KYPHON INC · Filed Nov 6, 2007

Form 4

Period: 2007-11-02

President, International

Transactions

Exercise/Conversion
Employee Stock Option (Right to Buy)
2007-11-02−36,000→ 0 total
Exercise: $24.26Exp: 2014-06-14→ Common Stock (36,000 underlying)
Exercise/Conversion
Common Stock
2007-11-02$39.27/sh+30,000$1,178,100→ 176,000 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2007-11-02−30,000→ 0 total
Exercise: $39.27Exp: 2016-09-15→ Common Stock (30,000 underlying)
Exercise/Conversion
Common Stock
2007-11-02$24.26/sh+36,000$873,360→ 46,000 total
Disposition to Issuer
Common Stock
2007-11-02−176,000→ 0 total
Exercise/Conversion
Common Stock
2007-11-02$37.41/sh+100,000$3,741,000→ 146,000 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2007-11-02−100,000→ 0 total
Exercise: $37.41Exp: 2015-07-15→ Common Stock (100,000 underlying)

Footnotes (5)

[F1]Includes 10,000 Restricted Stock Units, which originally provided for vesting in three equal annual installments beginning on 8/20/08.
[F2]Disposed of pursuant to the merger agreement among Kyphon Inc., Jets Acquisition Corporation and Medtronic, Inc. in exchange for $71.00 per share in cash on the effective date of the merger.
[F3]This option, which provided for vesting of 1/48th of shares per month beginning on 7/14/04, was fully accelerated, pursuant to a resolution of the Board of Directors of Kyphon Inc., and then exercised immediately prior to the effective time of the merger.
[F4]This option, which provided for vesting of 1/48th of shares per month beginning on 8/15/05, was fully accelerated pursuant to a resolution of the Board of Directors of Kyphon Inc. and then exercised immediately prior to the effective time of the merger.
[F5]This option, which provided for vesting of 1/48th of shares per month beginning on 10/15/06, was fully accelerated pursuant to a resolution of the Board of Directors of Kyphon Inc. and then exercised immediately prior to the effective time of the merger.

Documents

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