- Securities Registration: Employee Benefit Plan (S-8)

As filed with the Securities and Exchange Commission on August 10, 2011

Registration No. 333-_______

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM S-8
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933

ST. JUDE MEDICAL, INC.
(Exact name of registrant as specified in its charter)


	Minnesota		41-1276891
	(State or other jurisdiction		(I.R.S. Employer
	of incorporation or organization)		Identification No.)

One St. Jude Medical Drive

St. Paul, Minnesota 55117

(Address of principal executive offices, including zip code)

ST. JUDE MEDICAL, INC. 2007 STOCK INCENTIVE PLAN, AS AMENDED AND RESTATED (2011)
(Full title of the plan)

Pamela S. Krop
Vice President, General Counsel and Corporate Secretary
St. Jude Medical, Inc.
One St. Jude Medical Drive
St. Paul, Minnesota 55117
(651) 756-2000
(Name, address and telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer x	Accelerated filer o

Non-accelerated filer o	Smaller reporting company o
(Do not check if a smaller reporting company)


CALCULATION OF REGISTRATION FEE
Title of securities to be registered	Amount to be registered(1)(2)	Proposed maximum offering price per share(3)	Proposed maximum aggregate offering price(3)	Amount of registration fee
Common Stock, par value $0.10 per share	20,000,000 Shares	$42.33	$846,600,000	$98,291


(1)	Represents the shares of common stock of St. Jude Medical, Inc. that may be offered or sold pursuant to the St. Jude Medical, Inc. 2007 Stock Incentive Plan, as amended and restated (2011).

(2)	Pursuant to Rule 416 under the Securities Act of 1933, as amended, this registration statement also covers any additional shares of common stock that may be offered or issued under the St. Jude Medical, Inc. 2007 Stock Incentive Plan, as amended and restated (2011), to prevent dilution resulting from stock splits, stock dividends or similar transactions.

(3)	Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(h)(1) and (c) under the Securities Act of 1933, as amended. The proposed maximum offering price is based on the average of the high and low prices of St. Jude Medical, Inc. common stock as reported on the New York Stock Exchange on August 8, 2011.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


Item 3.	Incorporation of Documents by Reference.

The following documents, which have been filed with the Securities and Exchange Commission (the “SEC”) by St. Jude Medical, Inc. (“we,” “us,” “our” or “St. Jude”), are incorporated by reference in this registration statement:


	(a)	Our Annual Report on Form 10-K for the fiscal year ended January 1, 2011;

	(b)	Our Quarterly Reports on Form 10-Q for the fiscal quarters ended April 2, 2011 and July 2, 2011;

	(c)	Our Current Report on Form 8-K filed on May 13, 2011; and

	(d)	The description of our common stock contained in any registration statement or report filed by us under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including any amendment or report filed for the purpose of updating such description.

All documents filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date hereof, and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the respective dates of filing of such documents.


Item 4.	Description of Securities.

Not applicable.


Item 5.	Interests of Named Experts and Counsel.

Not applicable.


Item 6.	Indemnification of Directors and Officers.

Section 521 of the Minnesota Business Corporation Act provides that a company shall, subject to certain limitations, indemnify officers and directors made or threatened to be made a party to a proceeding by reason of that officer or director’s former or present official capacity with the company. As required, we will indemnify that person against judgments, penalties, fines, settlements and reasonable expenses if the officer or director:


	•	has not been indemnified by another organization;

	•	acted in good faith;

	•	has not received an improper personal benefit and Section 255 regarding director conflicts of interests, if applicable, has been satisfied;

	•	assuming the case is a criminal proceeding, the person had no reasonable cause to believe the conduct was unlawful; and

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	•	reasonably believed that the conduct was in the best interests of the company or, in the case of an officer or director who is or was serving at the request of the company as a director, officer, partner, trustee, employee or agent of another organization or employee benefit plan, reasonably believed that the conduct was not opposed to the best interests of the company.

Article XIV of our Articles of Incorporation, as amended, provides that, to the fullest extent permissible under the Minnesota Business Corporation Act, our directors shall not be liable to St. Jude or our shareholders for monetary damages for breach of fiduciary duty as a director.

Article VII of our Bylaws, as amended and restated, provides that we shall indemnify our officers and directors under such circumstances and to the extent permitted by Section 521 of the Minnesota Business Corporation Act described above.

We enter into indemnification agreements with our directors and officers. The indemnification agreements provide that we shall, subject to certain limitations, indemnify our directors and officers who are made or threatened to be made a party to a proceeding by reason of their former or present official capacities with St. Jude. The circumstances under which we will indemnify our directors or officers against judgments, penalties, fines, settlements and reasonable expenses pursuant to these indemnification agreements are the same as those provided in Section 521 of the Minnesota Business Corporation Act described above.

We maintain directors’ and officers’ liability insurance which covers certain liabilities and expenses of our directors and officers and covers St. Jude for reimbursement of payments to our directors and officers in respect of such liabilities and expenses.


Item 7.	Exemption from Registration Claimed.

Not applicable.


Item 8.	Exhibits.


	4.1	Articles of Incorporation, as amended on May 9, 2008 (incorporated by reference to Exhibit 3.1 of St. Jude’s Quarterly Report on Form 10-Q for the quarter ended June 28, 2008).
	4.2	Bylaws, as amended and restated as of February 25, 2005 (incorporated by reference to Exhibit 3.1 of St. Jude’s Current Report on Form 8-K filed on March 2, 2005).
	4.3	St. Jude Medical, Inc. 2007 Stock Incentive Plan, as amended and restated (2011) (incorporated by reference to Exhibit 10.1 of St. Jude’s Current Report on Form 8-K filed on May 13, 2011).
	5.1	Opinion of Dorsey & Whitney LLP.
	23.1	Consent of Dorsey & Whitney LLP (included in Exhibit 5.1).
	23.2	Consent of Ernst & Young LLP.
	24.1	Power of Attorney.

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Item 9.	Undertakings.


	(a) The undersigned registrant hereby undertakes:

	(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

		(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”);

		(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

		(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

		provided , however, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement.

	(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

	(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

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SIGNATURES

Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of St. Paul, State of Minnesota, on August 10, 2011.


	ST. JUDE MEDICAL, INC.

	By:	/s/ John C. Heinmiller
		John C. Heinmiller
		Executive Vice President and Chief Financial Officer

Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities indicated on August 10, 2011.


Signature		Title

*		President, Chief Executive Officer and Chairman
Daniel J. Starks		(principal executive officer)

/s/ John C. Heinmiller		Executive Vice President and Chief Financial
John C. Heinmiller		Officer
		(principal financial and accounting officer)

*		Director
John W. Brown

		Director
Richard R. Devenuti

*		Director
Stuart M. Essig

		Director
Thomas H. Garrett III

*		Director
Barbara B. Hill

*		Director
Michael A. Rocca

*		Director
Wendy L. Yarno


*By:	/s/ Pamela S. Krop
	Pamela S. Krop
	Attorney-in-Fact

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EXHIBIT INDEX


Exhibit Number		Description

4.1		Articles of Incorporation, as amended on May 9, 2008 (incorporated by reference to Exhibit 3.1 of St. Jude’s Quarterly Report on Form 10-Q for the quarter ended June 28, 2008).

4.2		Bylaws, as amended and restated as of February 25, 2005 (incorporated by reference to Exhibit 3.1 of St. Jude’s Current Report on Form 8-K filed on March 2, 2005).

4.3		St. Jude Medical, Inc. 2007 Stock Incentive Plan, as amended and restated (2011) (incorporated by reference to Exhibit 10.1 of St. Jude’s Current Report on Form 8-K filed on May 13, 2011).

5.1		Opinion of Dorsey & Whitney LLP.

23.1		Consent of Dorsey & Whitney LLP (included in Exhibit 5.1).

23.2		Consent of Ernst & Young LLP.

24.1		Power of Attorney.