SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
FITCH SANFORD
(Last) (First) (Middle)
C/O FOXHOLLOW TECHNOLOGIES, INC.
740 BAY ROAD
(Street)
REDWOOD CITY CA 94063
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FOXHOLLOW TECHNOLOGIES, INC. [ FOXH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/04/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/04/2007 D 19,174 D (1) 0 D
Common Stock 10/04/2007 D 762 D (2) 0 I(3) By Fitch Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $37.62 10/04/2007 D 7,500 06/16/2006 06/16/2015 Common Stock 7,500 (4) 0 D
Stock Option (right to buy) $37.62 10/04/2007 A 7,500 10/04/2007 10/04/2008 Common Stock 7,500 (4) 7,500 D
Stock Option (right to buy) $37.62 10/04/2007 D 7,500 10/04/2007 10/04/2008 Common Stock 7,500 (5) 0 D
Stock Option (right to buy) $25.65 10/04/2007 D 12,500 06/28/2007 06/28/2016 Common Stock 12,500 (4) 0 D
Stock Option (right to buy) $25.65 10/04/2007 A 12,500 10/04/2007 10/04/2008 Common Stock 12,500 (4) 12,500 D
Stock Option (right to buy) $25.65 10/04/2007 D 12,500 10/04/2007 10/04/2008 Common Stock 12,500 (6) 0 D
Stock Option (right to buy) $25.67 10/04/2007 D 12,500 07/31/2008 07/31/2017 Common Stock 12,500 (4) 0 D
Stock Option (right to buy) $25.67 10/04/2007 A 12,500 10/04/2007 10/04/2008 Common Stock 12,500 (4) 12,500 D
Stock Option (right to buy) $25.67 10/04/2007 D 12,500 10/04/2007 10/04/2008 Common Stock 12,500 (7) 0 D
Explanation of Responses:
1. Pursuant to the merger of a wholly-owned subsidiary of ev3 Inc. ("ev3") with and into FoxHollow Technologies, Inc. (the "Merger"), such shares were disposed of in exchange for 31,061 shares of ev3 common stock, having a market value of $16.64 per share on the effective date of the Merger.
2. Pursuant to the Merger, such shares were disposed of in exchange for 1,234 shares of ev3 common stock, having a market value of $16.64 per share on the effective date of the Merger.
3. Mr. Fitch serves as a trustee of the Fitch Trust and disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
4. The reported transactions involved amendments of outstanding options, resulting in the deemed cancellation of the "old" options and the grant of replacement options. These options were amended to extend the terms in which these options may be exercised to one year from the termination of the reporting person's service as a director of FoxHollow Technologies, Inc.
5. This option was assumed by ev3 in the Merger and replaced with an option to purchase 12,135 shares of ev3 common stock for an exercise price of $23.25 per share.
6. This option was assumed by ev3 in the Merger and replaced with an option to purchase 20,225 shares of ev3 common stock for an exercise price of $15.85 per share.
7. This option was assumed by ev3 in the Merger and replaced with an option to purchase 20,225 shares of ev3 common stock for an exercise price of $15.87 per share.
/s/ Sanford Fitch 10/08/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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