1. Name and Address of Reporting Person
Ward, Scott R.
Medtronic, Inc.
710 Medtronic Pkwy
Minneapolis, MN 55432-
2. Date of Event Requiring Statement (Month/Day/Year)
04/27/2002
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Medtronic, Inc. (MDT)
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
Sr. Vice President & President, Neuro & Diabetes
6. If Amendment, Date of Original (Month/Day/Year)
05/06/2002
7. 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 |2. Amount of |3. Ownership |4. Nature of Indirect Beneficial Ownership |
| | Securities | Form: | |
| | Beneficially Owned | Direct(D) or | |
| | | Indirect(I) | |
+------------------------------------------+----------------------+----------------+-----------------------------------------------+
Common Stock 21679.855 D
Common Stock 4274.386 I By ESOP
Common Stock 6310 I By Wife
Common Stock 1595.42 I By 401(k)
TABLE II -- Derivative Securities Beneficially Owned
+-----------------------+---------------------+---------------------------------+----------+-------------+-------------------------+
|1.Title of Derivative |2.Date Exercisable |3.Title and Amount of Securities |4.Conver- |5.Ownership |6. Nature of Indirect |
| Security | and Expiration Date| Underlying Derivative | sion or | Form of | Beneficial Ownership |
| | (Month/Day/Year) | Security | Exercise | Derivative | |
| +----------+----------+-----------------------+---------+ Price of | Security: | |
| | Date | Expira- | |Amount or| Deri- | Direct(D) or| |
| | Exer- | tion | Title |Number of| vative | Indirect(I) | |
| | cisable | Date | |Shares | Security | | |
+-----------------------+----------+----------+-----------------------+---------+----------+-------------+-------------------------+
Stock Options (Right to 11/30/1996 11/30/2005 Common Stock 4436 $13.5313 D
buy)
Stock Options (Right to 11/20/1997 11/20/2006 Common Stock 5852 $17.0938 D
buy)
Stock Options (Right to 10/29/1998 10/29/2007 Common Stock 6958 $21.5625 D
buy)
Stock Options (Right to 10/28/1999 10/28/2008 Common Stock 7836 $31.9063 D
buy)
Stock Options (Right to 10/27/2000 10/27/2009 Common Stock 30189 $33.125 D
buy)
Stock Options (Right to 04/28/2007 04/28/2009 Common Stock 2214 $37.5938 D
buy)
Stock Options (Right to 10/25/2002 10/25/2011 Common Stock 32184 $43.5 D
buy)
Stock Options (Right to 04/26/2002 04/26/2012 Common Stock 8793 $43.81 D
buy)
Stock Options (Right to 04/26/2002 04/26/2012 Common Stock 2740 $43.81 D
buy)
Stock Options (Right to 10/26/2001 10/26/2010 Common Stock 22277 $51.625 D
buy)
Right to Receive Stock Common Stock 427.21 $0 D
Explanation of Responses:
These options become exercisable at the rate of 25% of the shares granted per
year beginning on the first anniversary of grant.
Rights acquired under the Medtronic, Inc. Executive Non-qualified Supplemental
Benefit Plan to be settled in Medtronic common stock as a 1-for-1 conversion
upon the employee's retirement or other termination of employment.
SIGNATURE OF REPORTING PERSON
/s/ Scott R. Ward
DATE
08/14/2002