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Filing Details

Accession Number:: 0000921895-12-001657
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-08-10 21:51:22
Reporting Period:: 2012-08-08

Filing Date:: 2012-08-10
Accepted Time:: 2012-08-10 21:51:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
924717	Surmodics Inc	SRDX	Surgical & Medical Instruments & Apparatus (3841)	411356149

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1285596	R Mark Mitchell	C/O Starboard Value Lp 830 Third Avenue, 3Rd Floor New York NY 10022	No	No	Yes	No
1362697	C Jeffrey Smith	C/O Starboard Value Lp 830 Third Avenue, 3Rd Floor New York NY 10022	Yes	No	Yes	No
1373638	Ltd Fund Master Opportunity & Value Starboard	C/O Starboard Value Lp 830 Third Avenue, 3Rd Floor New York NY 10022	No	No	Yes	No
1410600	A Peter Feld	C/O Starboard Value Lp 830 Third Avenue, 3Rd Floor New York NY 10022	No	No	Yes	No
1517137	Starboard Value Lp	830 Third Avenue, 3Rd Floor New York NY 10022	No	No	Yes	No
1517138	Starboard Value Gp Llc	830 Third Avenue, 3Rd Floor New York NY 10022	No	No	Yes	No
1517139	Starboard Principal Co Lp	830 Third Avenue, 3Rd Floor New York NY 10022	No	No	Yes	No
1517140	Starboard Principal Co Gp Llc	830 Third Avenue, 3Rd Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-08-08	19,650	$17.72	1,546,917	No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
Common Stock	Disposition	2012-08-08	12,750	$17.70	1,534,167	No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
Common Stock	Disposition	2012-08-08	6,550	$17.72	515,643	No	4	S	Indirect	By Managed Account of Starboard Value LP
Common Stock	Disposition	2012-08-08	4,250	$17.70	511,393	No	4	S	Indirect	By Managed Account of Starboard Value LP
Common Stock	Disposition	2012-08-09	127,500	$17.77	1,406,667	No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
Common Stock	Disposition	2012-08-09	8,250	$17.77	1,398,417	No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
Common Stock	Disposition	2012-08-09	2,750	$17.77	508,643	No	4	S	Indirect	By Managed Account of Starboard Value LP
Common Stock	Disposition	2012-08-09	42,500	$17.77	466,143	No	4	S	Indirect	By Managed Account of Starboard Value LP
Common Stock	Disposition	2012-08-10	24,945	$17.61	1,373,472	No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
Common Stock	Disposition	2012-08-10	75	$17.58	1,373,397	No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
Common Stock	Disposition	2012-08-10	8,315	$17.61	457,828	No	4	S	Indirect	By Managed Account of Starboard Value LP
Common Stock	Disposition	2012-08-10	25	$17.58	457,803	No	4	S	Indirect	By Managed Account of Starboard Value LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
No	4	S	Indirect	By Managed Account of Starboard Value LP
No	4	S	Indirect	By Managed Account of Starboard Value LP
No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
No	4	S	Indirect	By Managed Account of Starboard Value LP
No	4	S	Indirect	By Managed Account of Starboard Value LP
No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
No	4	S	Indirect	By Starboard Value and Opportunity Master Fund Ltd
No	4	S	Indirect	By Managed Account of Starboard Value LP
No	4	S	Indirect	By Managed Account of Starboard Value LP

Footnotes

This Form 4 is filed jointly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"), Starboard Value LP ("Starboard Value LP"), Starboard Value GP LLC ("Starboard Value GP"), Starboard Principal Co LP ("Principal Co"), Starboard Principal Co GP LLC ("Principal GP"), Jeffrey C. Smith, Mark Mitchell and Peter A. Feld (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
Shares of Common Stock beneficially owned by Starboard V&O Fund. Starboard Value LP, as the investment manager of Starboard V&O Fund, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Starboard V&O Fund. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co and Messrs. Smith, Mitchell and Feld as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Starboard V&O Fund.
Shares held in an account managed by Starboard Value LP. Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co and Messrs. Smith, Mitchell and Feld as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Starboard Value LP.