X0303 4 2008-10-09 0 0001002811 KENSEY NASH CORP KNSY 0001050154 RAMIUS LLC 599 LEXINGTON AVE., 20TH FLOOR NEW YORK CITY NY 10022 0 0 1 0 0001373638 Starboard Value & Opportunity Master Fund Ltd C/O CITCO FUND SERVICES LTD WEST BAY RD 0 0 1 0 0001329983 Parche, LLC C/O RAMIUS LLC 599 LEXINGTON AVENUE, 20TH FLOOR NEW YORK CITY NY 10022 0 0 1 0 0001329989 RCG STARBOARD ADVISORS, LLC C/O RAMIUS LLC 599 LEXINGTON AVENUE, 20TH FLOOR NEW YORK CITY NY 10022 0 0 1 0 0001418492 RCG Enterprise Ltd C/O CITCO FUND SERVICES LTD WEST BAY RD 0 0 1 0 0001275893 RAMIUS ADVISORS LLC C/O RAMIUS LLC 599 LEXINGTON AVENUE, 20TH FLOOR 0 0 1 0 Common Stock, par value $.001 2008-10-09 4 S 0 2080 29.4544 D 216217 I By Parche LLC Common Stock, par value $.001 2008-10-10 4 S 0 8880 27.5896 D 207337 I By Parche LLC Common Stock, par value $.001 2008-10-13 4 S 0 4800 28.6292 D 202537 I By Parche LLC Common Stock, par value $.001 2008-10-14 4 S 0 2928 29.7719 D 199609 I By Parche LLC Common Stock, par value $.001 2008-10-09 4 S 0 10920 29.4544 D 1135128 I By Ramius Value & Opportunity Master Common Stock, par value $.001 2008-10-10 4 S 0 46620 27.5896 D 1088508 I By Ramius Value & Opportunity Master Common Stock, par value $.001 2008-10-13 4 S 0 25200 28.6292 D 1063308 I By Ramius Value & Opportunity Master Common Stock, par value $.001 2008-10-14 4 S 0 15372 29.7719 D 1047936 I By Ramius Value & Opportunity Master Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose. The reported transaction was effected pursuant to a Rule 10b5-1 Sales Plan Agreement. Shares of Common Stock beneficially owned by Parche, LLC (Parche). As the sole non-managing member of Parche, Ramius Enterprise Master Fund Ltd may be deemed to beneficially own the shares of Common Stock beneficially owned by Parche. As the managing member of Parche, RCG Starboard Advisors, LLC (RCG Starboard Advisors) may be deemed to beneficially own the shares of Common Stock beneficially owned by Parche. As the investment advisor of Ramius Enterprise Master Fund Ltd, Ramius Advisors, LLC (Ramius Advisors) may be deemed to beneficially own the shares of Common Stock owned by Parche. As the sole member of each of RCG Starboard Advisors and Ramius Advisors, Ramius LLC (Ramius) may be deemed to beneficially own the shares of Common Stock beneficially owned by Parche. Shares of Common Stock beneficially owned by Ramius Value and Opportunity Master Fund Ltd (Ramius Value and Opportunity Master Fund). As the investment manager of Ramius Value and Opportunity Master Fund, RCG Starboard Advisors may be deemed to beneficially own the shares of Common Stock beneficially owned by Ramius Value and Opportunity Master Fund. As the sole member of RCG Starboard Advisors, Ramius may be deemed to beneficially own the shares of Common Stock beneficially owned by Ramius Value and Opportunity Master Fund. By: Ramius LLC; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-14 By: Ramius Value and Opportunity Master Fund Ltd; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-14 By: Parche, LLC; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-14 By: RCG Starboard Advisors, LLC; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-14 By: Ramius Enterprise Master Fund Ltd; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-14 By: Ramius Advisors, LLC; By: /s/ Owen S. Littman, Authroized Signatory 2008-10-14