Swandal Craig A 4

4 · ATS MEDICAL INC · Filed Aug 12, 2010

Form 4

Period: 2010-08-11

Vice President of Operations

Transactions

Disposition to Issuer
Restricted Stock Units
2010-08-12$4.00/sh−53,410$213,640→ 0 total
From: 2011-03-01Exp: 2015-03-01→ Common Stock (53,410 underlying)
Disposition to Issuer
Common Stock
2010-08-12−37,929.95→ 0 total
Disposition to Issuer
Restricted Stock Units
2010-08-12$4.00/sh−52,852$211,408→ 0 total
From: 2010-03-15Exp: 2014-03-15→ Common Stock (52,852 underlying)
Disposition to Issuer
Restricted Stock Units
2010-08-12$4.00/sh−15,000$60,000→ 0 total
From: 2011-03-01Exp: 2015-03-01→ Common Stock (15,000 underlying)
Exercise/Conversion
Restricted Stock Units
2010-08-11−17,000→ 51,000 total
From: 2009-08-11Exp: 2013-08-11→ Common Stock (68,000 underlying)
Exercise/Conversion
Common Stock
2010-08-11+17,000→ 43,488.95 total
Tax Payment
Common Stock
2010-08-11$4.00/sh−5,559$22,236→ 37,929.95 total
Disposition to Issuer
Restricted Stock Units
2010-08-12$4.00/sh−51,000$204,000→ 0 total
From: 2009-08-11Exp: 2013-08-11→ Common Stock (510,000 underlying)

Footnotes (6)

[F1]Includes shares held in Employee Stock Purchase Plan as of April 30, 2010.
[F2]In connection with the merger of a subsidiary of Medtronic, Inc. into Issuer on August 12, 2010 (the "Merger") pursuant to an agreement and plan of merger dated April 28, 2010, all shares of Issuer common stock were converted into the right to receive $4 per share in cash.
[F3]1 unit for 1 share of Common Stock
[F4]Vests in 20% annual cumulative installments beginning the date shown.
[F5]Represents last vesting date.
[F6]This restricted stock unit, the vesting of which was accelerated in connection with the Merger, was cancelled in the merger in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares of stock represented by the restricted stock unit, multiplied by (ii) $4 per share, less applicable withholding taxes.

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