X0306 4 2014-07-28 false 0000064670 MEDTRONIC INC MDT 0001559405 Lerman Bradley E 710 MEDTRONIC PKWY MS LC300 MINNEAPOLIS MN 55432 false true false false SVP General Counsel & Corp Sec Common Stock 2014-07-28 4 A false 9959 0 A 9959 D Common Stock 2014-07-28 4 A false 31868 0 A 41827 D Employee Stock Option (right to buy) 62.76 2014-07-28 4 A false 39835 0 A 2015-07-28 2024-07-28 Common Stock 39835 39835 D Employee Stock Option (right to buy) 62.76 2014-07-28 4 A false 1594 0 A 2015-07-28 2024-07-28 Common Stock 1594 41429 D The restrictions on such units shall lapse 100% on the third anniversary of the Grant Date if the Companys cumulative diluted earnings per share growth during the 36 month period ending on the last day of the Companys fiscal year 2017 equals or exceeds a 3% compound annual growth rate, as determined by the Compensation Committee. The units underlying such award shall vest 50% on the first anniversary of the Grant Date and 50% on the second anniversary of the Grant Date. Vesting is subject to the attainment by the Company of a $1.00 diluted EPS threshold for the fiscal year ending prior to each vesting date. In case of death, disability or retirement, the units underlying such award shall vest on a pro rata basis. These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant. Rhonda L. Ingalsbe, Attorney-in-fact 2014-07-29