MERIT MEDICAL SYSTEMS INC — Director's Dealing 2011

Apr 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERIT MEDICAL SYSTEMS INC (MMSI)
CIK: 0000856982
Period of Report: 2011-04-19

Reporting Person: Stephens Martin R (Executive V.P. of Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-19	Common Stock, No Par Value	M	5842	$14.41	Acquired	5842	Direct
2011-04-19	Common Stock, No Par Value	S	5842	$22.50	Disposed	0	Direct
2011-04-20	Commmon Stock, No Par Value	M	2158	$14.41	Acquired	2158	Direct
2011-04-20	Common Stock, No Par Value	M	5000	$14.48	Acquired	7158	Direct
2011-04-20	Common Stock, No Par Value	M	9000	$12.13	Acquired	16158	Direct
2011-04-20	Common Stock, No Par Value	S	16158	$22.69	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-20	Non-qualified stock options (right to buy)	$14.48	M	5000	Disposed	2014-07-14	Common Stock (5000)	Direct
2011-04-20	Non-qualified stock options (right to buy)	$12.13	M	9000	Disposed	2014-06-27	Common Stock (9000)	Direct
2011-04-19	Non-qualified stock options (right to buy)	$14.41	M	5842	Disposed	2015-05-21	Common Stock (5842)	Direct
2011-04-20	Non-qualified stock options (right to buy)	$14.41	M	2158	Disposed	2015-05-21	Common Stock (2158)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, No Par Value	8979	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-qualified stock options (right to buy)	$15.03	2014-12-18	Common Stock (20000)	20000	Direct

Footnotes

F1: Represents plan holdings as of 4/15/2011.

F2: The option vests in equal annual installments of 1,000 shares commencing on July 14, 2005 and continuing through July 14, 2009.

F3: Becomes exercisable in equal annual installments of 20% commencing 06/27/2008.

F4: Becomes exercisable in equal annual installments of 20% commencing 05/21/2009.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.50 to $22.51, inclusive. The reporting person undertakes to provide to Merit Medical Systems, Inc., any security holder of Merit Medical Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.63 to $22.7201, inclusive. The reporting person undertakes to provide to Merit Medical Systems, Inc., any security holder of Merit Medical Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.