13D Filing: Starboard Value LP and Depomed Inc (DEPO)

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(b) 1. Sole power to vote or direct vote: 239,310
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 239,310
4. Shared power to dispose or direct the disposition: 0
(c) Starboard R GP has not entered into any transactions in the Shares since the filing of Amendment
No. 8 to the Schedule 13D. The transactions in the Shares on behalf of Starboard C LP since the filing of Amendment No. 8 to the
Schedule 13D are set forth in Schedule A and are incorporated herein by reference.
F. Starboard Value LP
(a) As of the close of business on April 5, 2018, 413,428 Shares were held in the Starboard Value LP
Account. Starboard Value LP, as the investment manager of Starboard V&O Fund, Starboard C LP and the Starboard Value LP Account
and the manager of Starboard S LLC, may be deemed the beneficial owner of the (i) 3,651,714 Shares owned by Starboard V&O Fund,
(ii) 430,843 Shares owned by Starboard S LLC, (iii) 239,310 Shares owned by Starboard C LP, and (iv) 413,428 Shares held in the
Starboard Value LP Account.

Percentage: Approximately 7.5%

(b) 1. Sole power to vote or direct vote: 4,735,295
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 4,735,295
4. Shared power to dispose or direct the disposition: 0
(c) The transactions in the Shares by Starboard Value LP through the Starboard Value LP Account and
on behalf of each of Starboard V&O Fund, Starboard S LLC and Starboard C LP since the filing of Amendment No. 8 to the Schedule
13D are set forth in Schedule A and are incorporated herein by reference.
G. Starboard Value GP
(a) Starboard Value GP, as the general partner of Starboard Value LP, may be deemed the beneficial
owner of the (i) 3,651,714 Shares owned by Starboard V&O Fund, (ii) 430,843 Shares owned by Starboard S LLC, (iii) 239,310
Shares owned by Starboard C LP, and (iv) 413,428 Shares held in the Starboard Value LP Account.

Percentage:
Approximately 7.5%

(b) 1. Sole power to vote or direct vote: 4,735,295
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 4,735,295
4. Shared power to dispose or direct the disposition: 0
(c) Starboard Value GP has not entered into any transactions in the Shares since the filing of Amendment
No. 8 to the Schedule 13D. The transactions in the Shares on behalf of each of Starboard V&O Fund, Starboard S LLC, Starboard
C LP and through the Starboard Value LP Account since the filing of Amendment No. 8 to the Schedule 13D are set forth in Schedule
A and are incorporated herein by reference.
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