X0202 4 2006-09-08 0000064670 MEDTRONIC INC MDT 0001038253 COLLINS ARTHUR D JR MEDTRONIC, INC. 710 MEDTRONIC PARKWAY, M.S. LC310 MINNEAPOLIS MN 55432-5604 1 1 0 0 Chairman of the Bd and CEO Common Stock 2006-09-08 4 M 0 52652 17.0938 A 1003700.597 D Common Stock 2006-09-08 4 F 0 14247 46.66 D 989453.597 D Common Stock 2006-09-08 4 F 0 19289 46.66 D 970164.597 D Common Stock 25537.261 I By 401(k) Plan Common Stock 5171.515 I By ESOP Employee St Opt (Right to Buy) 17.0938 2006-09-08 4 M 0 52652 0 D 1997-11-01 2006-11-20 Common Stock 52652 0 D These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant. This balance has increased by 361 shares due to exempt dividend equivalent credits. Keyna P. Skeffington, Attorney-in-fact 2006-09-08