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* Ferguson Matthew (Last) (First) (Middle) C/O FOXHOLLOW TECHNOLOGIES, INC. 740 BAY ROAD (Street) REDWOOD CITY CA 94063 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol FOXHOLLOW TECHNOLOGIES, INC. [ FOXH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Financial Officer
	3. Date of Earliest Transaction (Month/Day/Year) 10/04/2007
	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	10/04/2007		D		141,591(1)	D	(2)	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
Stock Option (right to buy)	$28.2	10/04/2007		D			30,000	(3)	01/31/2015	Common Stock	30,000	(4)	0	D
Stock Option (right to buy)	$30.6	10/04/2007		D			50,000	(5)	02/17/2016	Common Stock	50,000	(6)	0	D
Stock Option (right to buy)	$20.94	10/04/2007		D			40,000	(7)	04/10/2017	Common Stock	40,000	(8)	0	D
Restricted Stock Units with Performance Based Vesting	$0	10/04/2007		D			33,000	(9)	(9)	Common Stock	33,000	(10)	0	D

Explanation of Responses:

1. Includes 161 shares purchased under the FoxHollow Technologies, Inc. Employee Stock Purchase Plan.

2. Pursuant to the merger of a wholly-owned subsidiary of ev3 Inc. ("ev3") with and into FoxHollow Technologies, Inc. (the "Merger"), such shares were disposed of in exchange for $3,670,038.72 in cash.

3. This option vests with respect to 1/4 of the shares on January 1, 2006 and 1/36 of the remaining shares vest and become exercisable each month thereafter for 36 months.

4. This option was assumed by ev3 in the Merger and replaced with an option to purchase 48,540 shares of ev3 common stock for an exercise price of $17.43 per share, vesting with respect to 1/12 of the unvested shares on each month thereafter for 12 months beginning on October 4, 2007.

5. This option vests with respect to 1/4 of the shares on February 17, 2007 and 1/36 of the remaining shares vest and become exercisable each month thereafter for 36 months.

6. This option was assumed by ev3 in the Merger and replaced with an option to purchase 80,900 shares of ev3 common stock for an exercise price of $18.91 per share, vesting with respect to 1/12 of the unvested shares on each month thereafter for 12 months beginning on October 4, 2007.

7. This option vests with respect to 1/4 of the shares on March 6, 2007 and 1/36 of the remaining shares vest and become exercisable each month thereafter for 36 months.

8. This option was assumed by ev3 in the Merger and replaced with an option to purchase 64,720 shares of ev3 common stock for and exercise price of $12.94 per share, vesting with respect to 1/12 of the unvested shares on each month thereafter for 12 months beginning on October 4, 2007.

9. The restricted stock unit represents a contingent right to receive the maximum number of shares of ev3 common stock at a future date or event assuming that the maximum targets are achieved.

10. This restricted stock unit was assumed by ev3 in the Merger and replaced with a restricted stock unit with the contingent right to receive 32,360 shares of ev3 common stock. The restricted stock unit will vest with respect to 50% of the shares on October 4, 2007 and with respect to the remaining unvested shares on October 4, 2008.

	/s/ Matthew B. Ferguson	10/08/2007
	** Signature of Reporting Person	Date
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