SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Kulkarni Subodh K

(Last)

(First)

(Middle)

C/O IMATION CORP.

1 IMATION PLACE

(Street)

OAKDALE

55128

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/05/2010

3. Issuer Name and Ticker or Trading Symbol
IMATION CORP [ IMN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior VP, Chief Tech Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	28,870	D
Common Stock	2,261	I	401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option - Right to Buy	02/08/2003	02/07/2012	Common Stock	6,000	$23.06	D
Option - Right to Buy	07/01/2003	06/30/2012	Common Stock	1,000	$28.99	D
Option - Right to Buy	05/09/2004	05/08/2013	Common Stock	250	$34.3	D
Option - Right to Buy	05/09/2004	05/08/2013	Common Stock	6,350	$34.3	D
Option - Right to Buy	12/31/2004	12/30/2013	Common Stock	7,500	$35.15	D
Option - Right to Buy	05/05/2005	05/05/2011	Common Stock	4,000	$39.87	D
Option - Right to Buy	12/31/2005	12/30/2011	Common Stock	7,500	$31.83	D
Option - Right to Buy	05/03/2006	05/03/2015	Common Stock	5,500	$34.17	D
Option - Right to Buy	01/03/2007	01/03/2016	Common Stock	5,000	$45.17	D
Option - Right to Buy	05/03/2007	05/03/2016	Common Stock	9,000	$41.62	D
Option - Right to Buy	05/09/2008⁽¹⁾	05/09/2017	Common Stock	14,600	$37.59	D
Option - Right to Buy	05/06/2009⁽²⁾	05/06/2018	Common Stock	32,520	$24.02	D
Option - Right to Buy	05/05/2010⁽³⁾	05/05/2019	Common Stock	25,480	$10.19	D

Explanation of Responses:

1. 25% vest per year on the anniversary of the grant date. 7,300 remain unvested and 3,650 will vest on each May 9 in 2010 and 2011.

2. 25% vest per year on the anniversary of the grant date. 24,390 remain unvested and 8,130 will vest on each May 6 in 2010, 2011 and 2012.

3. 25% vest per year on the anniversary of the grant date. 19,110 remain unvested and 6,370 will vest on each May 5 in 2011, 2012 and 2013.

Remarks:

	Jennifer A. Tenenbaum, Power of Attorney for Subodh K. Kulkarni	05/06/2010
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.