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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1446159	Biodrain Medical Inc.	BIOR	Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)	331007393

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1134619	E James Dauwalter	Biodrain Medical Inc. 2060 Centre Pointe Blvd., Suite 7 Mendota Heights MN 55120		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Convertible Note Due 2012	Acquisiton	2010-01-13	0	$0.00	0	No	4	P	Direct
Common Stock	Acquisiton	2010-05-27	89,143	$0.00	910,572	No	4	A	Direct
Common Stock	Acquisiton	2010-11-16	75,000	$0.00	985,572	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	A	Direct
No	4	A	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Options	Acquisiton	2010-11-16	325,000	$0.00	325,000	$0.15

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
325,000	2010-11-16	2020-11-16	No	4	A	Indirect

Footnotes

This security was issued with a $50,000 principal amount by the Issuer in exchange for $50,000 in cash consideration. The conversion price is not fixed and floats based on the market price on the underlying common stock - specifically, the security converts at 50% of the average closing price of the Issuer's common stock during the 10-day period prior to conversion.
The issuer granted these securities to the reporting person as a penalty for its failure to cause timely effectiveness of a registration statement on Form S-1.
This stock award vests 100% upon the earlier of a change in control, average 30 day trading volume of 50,000 shares, or 6 consecutive quarters of not less than $150,000 in net income recognized by the issuer. If none of these events occur within 10 years of the grant date, then the stock is forfeited.
This security was granted to David Dauwalter, the adult son of the reporting person and an employee of the Issuer. The reporting person disavows any beneficial interest in the security and underlying securities.