SurModics Inc (SRDX)

[bridgeofsighs]

re:Some ansers
When Dale exercised the options, did the shares come out of the SRDX treasury or the open market?
answer: treasury

If from the treasury does the outstanding share count increase and cause a de facto dilution?
answer: yes

If the outstanding share count increases, does SRDX offset the increase with an open market purchase?
answer: maybe

Could the recent buyback authorization represent positioning for anticipated option exercises?
answer: IMHO SRDX is going to buy back shares to lessen the blow from the Innorx purchase.