X0306 4 2017-05-11 0 0001005201 DEPOMED INC DEPO 0001529033 Vargas Thadd M C/O DEPOMED, INC. 7999 GATEWAY BOULEVARD, SUITE 300 NEWARK CA 94560 0 1 0 0 Senior VP, BD Common Stock 2017-05-11 4 S 0 50000 12.025 D 41567 D The price reported is a weighted average price. 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 shares at each price within the range set forth in this footnote. /s/ Thadd M. Vargas 2017-05-15