KYPHON INC 4

4 · KYPHON INC · Filed Nov 6, 2007

Form 4

Period: 2007-11-02

Director

Transactions

Disposition to Issuer
Director Stock Option (Right to Buy)
2007-11-02$5.31/sh−7,500$39,825→ 0 total
Exercise: $65.69Exp: 2017-08-01→ Common Stock (7,500 underlying)
Disposition to Issuer
Director Stock Option (Right to Buy)
2007-11-02$46.60/sh−20,000$932,000→ 0 total
Exercise: $24.40Exp: 2014-10-01→ Common Stock (20,000 underlying)
Disposition to Issuer
Common Stock
2007-11-02−300→ 0 total(indirect: By Trust)

Footnotes (6)

[F1]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.
[F2]Includes 300 shares held by Lavigne Family Trust - Custody, a revocable trust, which grantors/trustees are Mr. Lavigne and his spouse.
[F3]This option, which provided for vesting of 1/36 of shares per month beginning on 9/1/07, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $39,825, representing the difference between the exercise price of the option and the merger consideration.
[F4]This option, which provided for vesting of 1/36 of shares per month beginning on 8/31/06, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $277,050, representing the difference between the exercise price of the option and the merger consideration.
[F5]This option, which provided for vesting of 1/36 of shares per month beginning on 8/1/05, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $277,050, representing the difference between the exercise price of the option and the merger consideration.
[F6]This option, which provided for vesting of 1/36 of shares per month beginning on 11/1/04, was cancelled in the merger with Medtronic, Inc. in exchange for a cash payment of $932,000, representing the difference between the exercise price of the option and the merger consideration.

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