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^*

SIMPSON JOHN B PH D MD

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2007

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)
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	09/10/2007		S		25,000⁽¹⁾	D	$25.4062	4,030,636⁽²⁾	I⁽³⁾	By Simpson Family Trust
Common Stock	09/10/2007		S		25,000⁽¹⁾	D	$25.5241	4,005,636⁽²⁾	I⁽³⁾	By Simpson Family Trust
Common Stock	09/10/2007		S		1,500⁽⁴⁾	D	$25.4062	495,490⁽⁵⁾	I⁽⁶⁾	By JD Simpson Trust No. 2
Common Stock	09/10/2007		S		1,500⁽⁴⁾	D	$25.5241	493,990⁽⁵⁾	I⁽⁶⁾	By JD Simpson Trust No. 2
Common Stock	09/10/2007		S		1,500⁽⁷⁾	D	$25.4062	182,233⁽⁸⁾	I⁽³⁾	By Fox Hollow, L.P.
Common Stock	09/10/2007		S		1,500⁽⁷⁾	D	$25.5241	180,733⁽⁸⁾	I⁽³⁾	By Fox Hollow, L.P.
Common Stock								202,495	I	By John Bush Simpson Annuity Trust
Common Stock								202,495	I	By Rita Lynn Simpson Annuity Trust
Common Stock								201,228	I	By John Bush Simpson Annuity Trust 3
Common Stock								201,228	I	By Rita Lynn Simpson Annuity Trust 3
Common Stock								33,230	I	By Spouse

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)

Explanation of Responses:

1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Simpson Family Trust on November 27, 2006.

2. Following the reported transactions, Dr. Simpson indirectly holds an aggregate of 4,005,636 shares through the Simpson Family Trust, of which he serves as a trustee.

3. Dr. Simpson disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

4. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the JD Simpson Trust No. 2 on November 27, 2006.

5. Following the reported transactions, Dr. Simpson indirectly holds an aggregate of 493,990 shares through the JD Simpson Trust No. 2.

6. The shares are held in a trust for the benefit of Dr. Simpson's son, of which Dr. Simpson serves as a trustee. Dr. Simpson disclaims beneficial ownership of these shares, and the filing of this report is not an admission that Dr. Simpson is a beneficial owner of these shares for purposes of Section 16 or for any other purpose.

7. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by Fox Hollow, L.P. on November 27, 2006.

8. Following the reported transactions, Dr. Simpson indirectly holds an aggregate of 180,733 shares through Fox Hollow, L.P., a California Limited Partnership, of which he serves as a trustee.

	/s/ Matthew Ferguson, Attorney-in-Fact	09/12/2007
	** 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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