SEC FORM 4

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^*

ROOT HOWARD

(Last)

(First)

(Middle)

6464 SYCAMORE COURT

(Street)

MINNEAPOLIS

55369

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
VASCULAR SOLUTIONS INC [ VASC ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2006

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								310,789	D
Common Stock	07/24/2006		P		5,000	A	$7.25	315,789	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$1.5							⁽¹⁾	06/02/2007	Common Stock	16,211		16,211	D
Stock Option (Right to Buy)	$6							⁽¹⁾	12/22/2009	Common Stock	50,000		66,211	D
Stock Option (Right to Buy)	$6							⁽¹⁾	12/22/2009	Common Stock	50,000		116,211	D
Stock Option (Right to Buy)	$6							⁽¹⁾	12/22/2009	Common Stock	50,000		166,211	D
Stock Option (Right to Buy)	$6							⁽¹⁾	12/22/2009	Common Stock	50,000		216,211	D
Stock Option (Right to Buy)	$7.31							⁽¹⁾	01/22/2011	Common Stock	25,000		241,211	D
Stock Option (Right to Buy)	$2.51							⁽¹⁾	10/19/2011	Common Stock	25,000		266,211	D
Stock Option (Right to Buy)	$0.84							⁽²⁾	02/18/2013	Common Stock	50,000		316,211	D
Stock Option (Right to Buy)	$6.74							⁽³⁾	01/27/2014	Common Stock	50,000		366,211	D
Stock Option (Right to Buy)	$9.46							⁽⁴⁾	01/28/2015	Common Stock	75,000		441,211	D

Explanation of Responses:

1. 100% fully vested.

2. 70% fully vested, 2% 2/18/06 and 2% on the 18th of each succeeding month thereafter.

3. 48% fully vested, 2% on 1/27/06 and 2% on the 27th of each succeeding month thereafter.

4. 26% fully vested on 1/28/06, 2% on the 28th of each succeeding month thereafter.

	/s/ Howard Root	07/25/2006
	** 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).
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.