X0306 4 2012-12-12 0 0001005201 DEPOMED INC DEPO 0001367754 Gosling Matthew M 7999 GATEWAY BOULEVARD, SUITE 300 NEWARK CA 94560 0 1 0 0 Senior VP, General Counsel Common Stock 2012-12-12 4 M 0 48125 3.09 A 65702 D Common Stock 2012-12-12 4 S 0 65702 5.8423 D 0 D Stock Options 3.09 2012-12-12 4 M 0 48125 0 D 2020-01-17 Common Stock 48125 21875 D 70,000 stock options were granted on 1/17/2010 and exercisable in 48 equal monthly installments. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $5.7901 to $5.90. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each price within the range set forth in this footnote. The shares reported on this Form 4 were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2012. /s/ Matthew M. Gosling 2012-12-14