SURMODICS INC 4
4 · SURMODICS INC · Filed Oct 2, 2014
Insider Transaction Report
Form 4
SURMODICS INCSRDX
BENSON JOHN W
Director
Transactions
- Award
Common Stock
2014-09-30$18.16/sh+647$11,750→ 10,775 total
Footnotes (2)
- [F1]The reporting person elected to receive vested deferred stock units (DSUs) in lieu of quarterly cash retainer payments. The DSUs are settled in shares of the issuer's common stock as described below.
- [F2]The amount beneficially owned includes 2,800 restricted stock units (RSUs) that vest on service-based vesting dates and 3,707 DSUs that are vested upon issuance, each of which will be settled in shares of the issuer's common stock on a 1 for 1 basis when the reporting person's service as a director ends.