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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	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* COLLERAN LISA N (Last) (First) (Middle) C/O KINETIC CONCEPTS, INC. 8023 VANTAGE DR. (Street) SAN ANTONIO TX 78230 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol KINETIC CONCEPTS INC [ KCI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Global President, LifeCell
	3. Date of Earliest Transaction (Month/Day/Year) 11/04/2011
	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(1)	11/04/2011		D		20,982	D	$68.5	0	D

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
Employee Stock Option (right to buy)(2)	$40.71	11/04/2011		D			60,000	05/19/2012	05/19/2018	Common Stock	60,000	$27.79(2)	0	D
Employee Stock Option (right to buy)(3)	$35.05	11/04/2011		D			20,000	08/27/2012	08/27/2018	Common Stock	20,000	$33.45(3)	0	D
Employee Stock Option (right to buy)(4)	$24.78	11/04/2011		D			60,000	02/20/2013	02/20/2019	Common Stock	60,000	$43.72(4)	0	D
Employee Stock Options (right to buy)(5)	$24.78	11/04/2011		D			20,000	02/20/2012	02/20/2019	Common Stock	20,000	$43.72(5)	0	D
Employee Stock Option (right to buy)(6)	$40.6	11/04/2011		D			32,000	02/23/2014	02/23/2020	Common Stock	32,000	$27.9(6)	0	D
Employee Stock Option (right to buy)(7)	$46.64	11/04/2011		D			17,500	02/23/2015	02/23/2021	Common Stock	17,500	$21.86(7)	0	D
Restricted Stock Unit(8)	(8)	11/04/2011		D			6,375	02/23/2013	02/23/2013	Common Stock	6,375	$68.5(8)	0	D
Restricted Stock Unit(8)	(8)	11/04/2011		D			17,500	02/23/2014	02/23/2014	Common Stock	17,500	$68.5(8)	0	D

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger (the "Agreement") by and among Kinetic Concepts, Inc., Chiron Holdings, Inc. and Chiron Merger Sub, Inc., dated as of July 12, 2011, on the effective date of the merger contemplated by the Agreement (the "Merger"), each of these shares of common stock was automatically converted into the right to receive $68.50.

2. Pursuant to the terms of the Agreement, on the effective date of the Merger, each of these options became fully vested and was cancelled in exchange for a cash payment of $1,667,400 representing the excess of $68.50 per underlying share of common stock over the $40.71 per share exercise price of the option.

3. Pursuant to the terms of the Agreement, on the effective date of the Merger, each of these options became fully vested and was cancelled in exchange for a cash payment of $669,000, representing the excess of $68.50 per underlying share of common stock over the $35.05 per share exercise price of the option.

4. Pursuant to the terms of the Agreement, on the effective date of the Merger, each of these options became fully vested and was cancelled in exchange for a cash payment of $2,623,200 representing the excess of $68.50 per underlying share of common stock over the $24.78 per share exercise price of the option.

5. Pursuant to the terms of the Agreement, on the effective date of the Merger, each of these options became fully vested and was cancelled in exchange for a cash payment of $874,400, representing the excess of $68.50 per underlying share of common stock over the $24.78 per share exercise price of the option.

6. Pursuant to the terms of the Agreement, on the effective date of the Merger, each of these options became fully vested and was cancelled in exchange for a cash payment of $892,800, representing the excess of $68.50 per underlying share of common stock over the $40.60 per share exercise price of the option.

7. Pursuant to the terms of the Agreement, on the effective date of the Merger, each of these options became fully vested and was cancelled in exchange for a cash payment of $382,550, representing the excess of $68.50 per underlying share of common stock over the $46.64 per share exercise price of the option.

8. Pursuant to the terms of the Agreement, on the effective date of the Merger, each of these Restricted Stock Unit awards became fully vested as if the applicable target performance goal had been met and was cancelled in exchange for a cash payment of $68.50 per underlying share of common stock.

	/s/ John T. Bibb, Attorney-in-Fact	11/08/2011
	** 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).
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