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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(h) of the Investment Company Act of 1940

o 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*
(Last, First, Middle)
2. Issuer Name and Ticker or
Trading Symbol
3. I.R.S. Identification Number of Reporting
Person, if an entity
(Voluntary)
  Evans, Douglas , G.
  Kensey Nash Corporation (KNSY)
 
  55 East Uwchlan Ave.
4. Statement for Month/Day/Year 5. If Amendment, Date of Original (Month/Day/Year)
    04/24/2003
 
  (Street) 6. Relationship of Reporting Person(s)
to Issuer
(Check All Applicable)
7. Individual or Joint/Group Filing
(Check Applicable Line)
  Exton, PA 19341
(City)                (State)           (Zip)
  x  Director o  10% Owner   o Form filed by One Reporting Person
    x  Officer (give title below)   x Form filed by More than One Reporting Person
    o  Other (specify below)  
      COO
     

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).
 


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
Transactions(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   4/22/03   M(1)   10,000   A $8.00         D  

  Common Stock   4/22/03   M(1)   3,000   A $8.75         D  

  Common Stock   4/22/03   S(1)   13,000   D $23.00         D  

  Common Stock   4/23/03   M(1)   9,600   A $8.75         D  

  Common Stock   4/23/03   S(1)   8,000   D $23.02         D  

  Common Stock   4/23/03   S(1)   1,600   D $23.10         D  

  Common Stock             54,000     I   By Trust(2)

  Common Stock             350     I   By Child(3)

  Common Stock             350     I   By Child(3)

  Common Stock             350     I   By Child(3)

Page 2



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)

                      Code V   (A) (D)

  Employee Stock Options (rights to buy)   $8.00     4/22/03     M   10,000

  Employee Stock Options (rights to buy)   $8.75     4/23/03(4)     M   12,600(4)

  Employee Stock Options(rights to buy)            

  Employee Stock Options (rights to buy)            

  Employee Stock Options (rights to buy)            

  Employee Stock Options (rights to buy)            

  Employee Stock Options (rights to buy)            

  Employee Stock Options (rights to buy)            

  Employee Stock Options (rights to buy)            

Page 3

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned - Continued
(e.g., puts, calls, warrants, options, convertible securities)

6. Date Exercisable and
Expiration Date

(Month/Day/Year)
7. Title and Amount
of Underlying Securities

(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 of
Derivative Security:
Direct (D) or Indirect (I)

(Instr. 4)
11. Nature of
Indirect
Beneficial
Ownership

(Instr. 4)

  Date
Exercisable
Expiration
Date
  Title Amount or
Number of
Shares
                       

  4/26/99 4/26/05   Common Stock 0   $8.00       0     D  

  5/9/99 5/9/05   Common Stock 87,400   $8.75       87,400     D  

  6/30/99 6/30/06   Common Stock 30,000   $13.375       30,000     D  

  7/23/00 7/23/07   Common Stock 30,000   $11.75       30,000     D  

  7/1/01 8/28/08   Common Stock 15,000   $7.625       15,000     D  

  (5) 4/9/09   Common Stock 170,000   $8.75       170,000     D  

  (6) 8/16/10   Common Stock 75,000   $13.13       75,000     D  

  (7) 6/5/11   Common Stock 133,200   $14.51       133,200     D  

  (8) 7/10/12   Common Stock 45,000   $14.58       45,000     D  

Explanation of Responses:

(1)The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in April 2002.
(2)Shares held by Douglas G. Evans Revocable Trust, of which the Reporting Person is Trustee, for the benefit of Reporting Person and his spouse.
(3)Shares acquired by minor child of Reporting Person living in the same household as the Reporting Person.
(4)Of the 12,600 shares that were exercised at a price of $8.75, 3,000 shares were exercised on April 22, 2003 and the remaining 9,600 shares were exercised on April 23, 2003.
(5)Subject to certain restrictions and to strike price restrictions not to exceed seven years, options to buy 170,000 shares were vested as of April 9, 2002.
(6)Subject to certain restrictions, options to buy 58,333 shares were vested on July 1, 2002 and the remaining 16,667 shares will vest on July 1, 2003.
(7)Subject to certain restrictions, options to buy 80,000 shares vested on December 5, 2001, options to buy 17,734 shares vested on June 5, 2002 and the remaining 35,466 shares will vest in two equal annual installments starting on June 5, 2003.
(8)Subject to certain restrictions, options to buy 45,000 shares will vest in three equal annual installments starting on July 1, 2003.

/s/Douglas G. Evans, P.E.   4/24/2003

**Signature of Reporting Person
 
Date


**   Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
 

Page 4


Joint Filer Information
 
Designated Filer: Douglas Evans
Issuer and Ticket Symbol: Kensey Nash Corporation ("KNSY")
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

 
Name: (entity) Douglas G. Evans Revocable Trust
Address: 55 East Uwchlan Ave.
Exton, PA 19341
   
Ownership Form and Nature of Indirect
Ownership:
Indirect, By Trust
   
By: /s/ Douglas G. Evans, P.E.                  
Douglas G. Evans, Trustee