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^*

Thomas Robert

(Last)

(First)

(Middle)

C/O FOXHOLLOW TECHNOLOGIES, INC.

740 BAY ROAD

(Street)

REDWOOD CITY

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2005

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	11/01/2005		M		7,000	A	$0.32	223,875⁽¹⁾	D
Common Stock	11/01/2005		S		3,500⁽²⁾	D	$45.82	220,375⁽¹⁾	D
Common Stock	11/01/2005		S		3,500⁽²⁾	D	$46.01	216,875⁽¹⁾	D
Common Stock	11/01/2005		S		2,500⁽²⁾	D	$46.15	214,375⁽¹⁾	D
Common Stock	11/01/2005		S		1,000⁽²⁾	D	$46.21	213,375⁽¹⁾	D
Common Stock	11/01/2005		S		2,500⁽²⁾	D	$46.46	210,875⁽¹⁾	D
Common Stock	11/01/2005		S		2,500⁽²⁾	D	$46.59	208,375⁽¹⁾	D
Common Stock	11/01/2005		S		3,500⁽²⁾	D	$46.65	207,875⁽¹⁾	D
Common Stock	11/01/2005		S		6,000⁽²⁾	D	$46.76	198,875⁽¹⁾	D
Common Stock	11/01/2005		S		2,500⁽²⁾	D	$46.82	196,375⁽¹⁾	D
Common Stock	11/01/2005		S		2,000⁽²⁾	D	$47	194,375⁽¹⁾	D
Common Stock	11/01/2005		S		2,500⁽²⁾	D	$47.05	191,875⁽¹⁾	D
Common Stock	11/02/2005		M		13,000	A	$0.32	204,875⁽¹⁾	D
Common Stock	11/02/2005		S		13,000⁽²⁾	D	$46.5	191,875⁽¹⁾	D
Common Stock	11/02/2005		S		5,000⁽²⁾	D	$46.637	186,875⁽¹⁾	D
Common Stock	11/02/2005		S		2,500⁽²⁾	D	$46.741	184,375⁽¹⁾	D
Common Stock	11/02/2005		S		2,500⁽²⁾	D	$46.751	181,875⁽¹⁾	D
Common Stock	11/02/2005		S		5,000⁽²⁾	D	$46.9	176,875⁽¹⁾	D
Common Stock	11/02/2005		S		5,000⁽²⁾	D	$46.945	171,875⁽¹⁾	D
Common Stock	11/02/2005		S		5,000⁽²⁾	D	$46.037	166,875⁽¹⁾	D
Common Stock	10/27/2005		J⁽³⁾		66,875	D	⁽³⁾	100,000⁽¹⁾	D
Common Stock	10/27/2005		J⁽³⁾		66,875	A	⁽³⁾	66,875	I	By Thomas-Monterosso Family Trust
Common Stock								1,875	I⁽⁴⁾	By Mackenzie Marie Thomas Trust

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)
Employee Stock Option (Right to Buy)	$0.32	11/01/2005		M			7,000	⁽⁵⁾	03/10/2013	Common Stock	7,000	⁽⁶⁾	102,896⁽⁷⁾	D
Employee Stock Option (Right to Buy)	$0.32	11/02/2005		M			13,000	⁽⁵⁾	03/10/2013	Common Stock	13,000	⁽⁶⁾	89,896⁽⁷⁾	D

Explanation of Responses:

1. Following the reported transactions, Mr. Thomas holds an aggregate of 100,000 shares.

2. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by Mr. Thomas on August 18, 2005.

3. No consideration was received in connection with the transfer of shares to the Thomas-Monterosso Family Trust of which Mr. Thomas serves as a trustee.

4. The shares are held in a trust for the benefit of Mr. Thomas' daughter. Mr. Thomas disclaims beneficial ownership of these shares, and the filing of this report is not an admission that Mr. Thomas is a beneficial owner of these shares for purposes of Section 16 or for any other purpose.

5. The option is exercisable immediately but vests as to 12/48 of the shares on 1/22/2004 and 1/48 of the shares on the same day of the month each month thereafter.

6. Not applicable.

7. Following the reported option exercise, Mr. Thomas holds an option to purchase an aggregate of 89,896 shares.

	/s/ Robert W. Thomas	11/03/2005
	** 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).
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