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Table of Contents 25 EXECUTIVE COMPENSATION Summary Compensation Table The following table summarizes all compensation awarded to, earned by or paid to each of the Company's NEOs during each of the last three years or such shorter period since he became an NEO. The additional tables that follow the Summary Compensation Table are intended to be supporting presentations to the Summary Compensation Table. Most compensation elements in the supporting tables are aggregated and included in the Summary Compensation Table. You should refer to the section entitled "Compensation Discussion and Analysis" beginning on page 9 to help you understand the compensation practices and programs resulting in the compensation elements in these tables. A narrative description of the material factors necessary to understand the information in the Summary Compensation Table is provided following the table. Name and Principal Position Year Salary ($) Bonus ($) Stock Awards ($) Option Awards ($) Non-Equity Incentive Plan Compensation ($) All Other Compensation ($) Total ($) Kevin A. Lobo 2015 1,093,333 0 3,646,077 3,537,640 1,927,813 265,487 10,470,350 Chairman, President and 2014 1,055,000 0 3,249,982 3,231,527 1,320,188 263,450 9,120,147 Chief Executive Officer 2013 1,025,000 0 3,000,021 2,854,200 1,340,000 217,698 8,436,919 William R. Jellison 2015 551,500 0 624,319 605,767 485,458 99,182 2,366,226 Vice President, Chief 2014 536,667 0 624,940 621,436 350,152 86,340 2,219,535 Financial Officer (1) 2013 363,920 67,500 985,685 974,056 248,246 173,951 2,813,358 Timothy J. Scannell 2015 584,333 0 1,684,414 1,284,252 718,713 125,351 4,397,063 Group President, 2014 568,500 0 1,049,952 1,043,996 555,218 106,523 3,324,189 MedSurg and 2013 553,333 0 999,964 951,400 399,895 99,887 3,004,479 Neurotechnology David K. Floyd 2015 545,000 0 1,166,577 945,009 644,780 98,033 3,399,399 Group President, 2014 513,333 0 800,040 795,502 346,208 85,583 2,540,666 Orthopaedics 2013 477,500 0 749,941 713,588 415,954 471,032 2,828,015 Lonny J. Carpenter 2015 481,708 0 1,259,959 872,290 441,946 85,435 3,141,338 Group President, Global Quality and Business Operations ______________ (1) Mr. Jellison has elected to retire from his role as Vice President, Chief Financial Officer effective April 1, 2016 and will continue to be employed as an Advisor to the Chief Financial Officer from April 1, 2016 through March 31, 2017. Salary. The Salary column represents the base salary paid to the NEO during the reported year. This column includes the portion of salary payments deferred into our 401(k) Plan and Supplemental Plan. Bonus. The Bonus column reflects discretionary cash payments. The discretionary payment to Mr. Jellison in 2013 was a sign- on bonus in connection with his employment with the Company. Payments under our individual NEO bonus plans pursuant to our Executive Bonus Plan are reflected in the Non-Equity Incentive Plan Compensation column and are discussed below under that heading. Stock Awards. The Stock Awards column represents the aggregate grant-date fair value of performance stock units and restricted stock units, calculated in accordance with the Compensation — Stock Compensation Topic of the FASB Codification based on the target shares granted and the closing price of our Common Stock on the grant date. The grant-date fair value of the NEOs' 2015 performance stock unit awards, if earned at maximum levels (200% of target), was $7,292,154, $1,248,639, $2,647,129, $1,948,070 and $1,798,218 for Mr. Lobo, Mr. Jellison, Mr. Scannell, Mr. Floyd and Mr. Carpenter, respectively. The grant-date fair value of the 2015 restricted stock unit awards for Mr. Scannell, Mr. Floyd and Mr. Carpenter was $360,850, $192,542 and $360,850, respectively. Option Awards. The Option Awards column represents the aggregate grant-date fair value of stock option awards calculated in accordance with the Compensation — Stock Compensation Topic of the FASB Codification. Stock option values are derived using the Black-Scholes option pricing model assumptions that are discussed under "Grant-Date Fair Value of Stock and Option Awards" on page 27. Non-Equity Incentive Plan Compensation. The Non-Equity Incentive Plan Compensation column reflects the non-discretionary bonus plan amounts earned by the NEOs during the reported year and paid in February of the following year under our Executive Bonus Plan. This column also includes any portion of such payments that each NEO deferred into the 401(k) Plan and Supplemental Plan. All Other Compensation. The All Other Compensation column includes the following items for 2015: • 401(k) Plan matching contributions and discretionary contributions made in March 2016 pertaining to the 2015 Plan year, in the amount of $27,550 for each NEO.