Replies to post #1372 on SurModics Inc (SRDX)

[shears]

Great sluething, wise atomist!

I'd be willing to bet the smarter of the intellectually challenged shorts have been buying. Perhaps there are new shorters selling to these buyers? There usually appears a new wave of them after a stock runs up like this. They are of the 'What runs up quickly, must correct downward' ilk. I pleasantly watched 3 waves of them get burned on KOS after they settled a dispute with Barr, while Jaharis' wife had purchased a nasty amount of KOS stock at bargain prices and the shorts were caught with their pants down on a big run.

Another great day for the patient, long holders of SRDX. This run appears to have legs.

The orthopedics device market is much bigger than stents. Hopefully a major deal is in the works.

[DewDiligence]

Those 2,000- and 4,000-share grants represent 20% of the 10,000- and 20,000-share five-year grants Lopez was awarded in FY06, which cover the period FY06-FY10. He will get 20% of the total award each year provided that performance metrics in ophthalmology are met:

http://www.sec.gov/Archives/edgar/data/924717/000120677406002600/surmodics_nps.htm

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Mr. Lopez was granted two performance share awards in fiscal 2006, for 10,000 and 20,000 shares, respectively. The 10,000 share award will vest over a five-year period, from fiscal 2006 to fiscal 2010. One-fifth of the award will vest annually depending on the performance of the Ophthalmology division of the Company in meeting performance goals for that fiscal year set by the Organization and Compensation Committee… The 20,000 share award will vest over a five-year period, from fiscal 2006 to fiscal 2010. Mr. Lopez is entitled to a certain number of shares, if any, under this award depending on the achievement of certain performance objectives by the Ophthalmology division.
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Lopez also received 100,000 options @38.07 on 7/25/05, 10,000 shares on 7/25/05, and 1,800 shares on 11/13/06.