SURMODICS INC — Director's Dealing 2013

Dec 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SURMODICS INC (SRDX)
CIK: 0000924717
Period of Report: 2013-12-03

Reporting Person: Phillips Bryan K (SVP, Gen Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-03	Common Stock	M	23243	$9.25	Acquired	42997	Direct
2013-12-03	Common Stock	M	10735	$12.40	Acquired	53732	Direct
2013-12-03	Common Stock	F	21263	$23.47	Disposed	32469	Direct
2013-12-04	Common Stock	S	16236	$22.9522	Disposed	16233	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-03	Stock Option (Right to Buy)	$9.25	D	23243	Disposed	2017-11-30	Common Stock (23243)	Direct
2013-12-03	Stock Option (Right to Buy)	$12.40	D	10735	Disposed	2018-11-30	Common Stock (10735)	Direct

Footnotes

F1: The reporting person makes a payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b-5 trading plan adopted by the reporting person.

F3: Reflects the weighted average price of 16,236 shares of common stock of SurModics, Inc. sold by the reporting person in multiple transactions on December 4, 2013 with the sale prices ranging from $22.59 to $23.415 per share. The reporting person undertakes to provide upon request by the U. S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: The award vests in four equal installments on each of the first four anniversaries of the November 30, 2010 grant date.

F5: The award vests in four equal installments on each of the first four anniversaries of the November 30, 2011 grant date.