SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 11-K
[ X ] Annual Report Pursuant To Section 15(d) Of The Securities
Exchange Act of 1934
For the fiscal year ended December 31, 2001
OR
[ ] Transition Report Pursuant To Section 15(d) Of The Securities
Exchange Act of 1934
For the transition period from ________ to _________
Commission File # 0-16093
(A) Full title of the plan and the address
of the plan, if different from that of
the issuer named below:
CONMED CORPORATION
Retirement Savings Plan
(B) Name of issuer of the securities held
pursuant to the plan and the address
of its principal executive office:
CONMED CORPORATION
525 French Road
Utica, New York 13502
SIGNATURES
THE PLAN. Pursuant to the requirements of the Securities Exchange Act of
1934, the Plan Administrator has duly caused this Annual Report to be signed by
the undersigned hereunto duly authorized.
CONMED CORPORATION
Retirement Savings Plan
By: Robert D. Shallish, Jr.
----------------------------
Robert D. Shallish, Jr.
Vice President - Finance
CONMED Corporation
Date: June 21, 2002
CONMED Corporation
Retirement Savings Plan
Index
Page
Report of Independent Accountants ...................................... 1
Financial Statements:
Statements of Net Assets Available for
Benefits at December 31, 2001 and 2000 ........................... 2
Statements of Changes in Net Assets Available for
Benefits for the Year Ended December 31, 2001 and 2000 ........... 3
Notes to Financial Statements ....................................... 4-8
Supplemental Schedule: *
Schedule of Assets Held for Investment Purposes
(Schedule H, Part IV, Item (i))at December 31, 2001 .............. 9-25
Consent of Independent Accountants...................................... 26
* Other schedules required by Section 2520.103-10 of the Department of Labor
Rules and Regulations for Reporting and Disclosure under ERISA have been
omitted because they are not applicable.
Report of Independent Accountants
To the Participants and Administrator of
CONMED Corporation Retirement Savings Plan
In our opinion, the accompanying statements of net assets available for benefits
and the related statements of changes in net assets available for benefits
present fairly, in all material respects, the net assets available for benefits
of the CONMED Corporation Retirement Savings Plan (the "Plan") at December 31,
2001 and 2000, and the changes in net assets available for benefits for the
years then ended in conformity with accounting principles generally accepted in
the United States of America. These financial statements are the responsibility
of the Plan's management; our responsibility is to express an opinion on these
financial statements based on our audits. We conducted our audits of these
statements in accordance with auditing standards generally accepted in the
United States of America, which require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets held
for investment purposes is presented for the purpose of additional analysis and
is not a required part of the basic financial statements but is supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. The supplemental schedule is the responsibility of the Plan's management.
The supplemental schedule has been subjected to the auditing procedures applied
in the audits of the basic financial statements and, in our opinion, is fairly
stated in all material respects in relation to the basic financial statements
taken as a whole.
PricewaterhouseCoopers LLP
Syracuse, New York
May 17, 2002
1
CONMED Corporation
Retirement Savings Plan
Statement of Net Assets Available for Benefits
December 31, 2001 and 2000
--------------------------------------------------------------------------------
Assets 2001 2000
---- ----
Investments, at fair value
Mutual Funds $ 35,847,929 $ 40,874,660
Common Collective Trust 10,543,240 9,538,643
Common Stock 6,478,797 5,868,819
Money Market Funds 4,462,964 4,296,200
Participant Loans 1,774,881 1,565,365
------------ ------------
59,107,811 62,143,687
Receivables:
Employer contributions -- 4,063
Accrued interest and dividends 59,775 51,823
------------ ------------
Total assets 59,167,586 62,199,573
------------ ------------
Net Assets Available for Benefits $ 59,167,586 $ 62,199,573
============ ============
The accompanying notes are an integral part of the financial statements.
2
CONMED Corporation
Retirement Savings Plan
Statement of Changes in Net Assets Available for Benefits
Years Ended December 31, 2001 and 2000
--------------------------------------------------------------------------------
2001 2000
Additions to net assets attributed to:
Investment income:
Interest and dividends $ 1,749,025 $ 5,071,528
Net (depreciation) appreciation in fair
value of investments (8,775,315) (12,297,391)
Contributions:
Participants 5,668,100 6,156,112
Employer 1,730,330 2,400,629
------------ ------------
Total additions 372,140 1,330,878
------------ ------------
Deductions from net assets attributed to:
Distributions to participants 3,404,127 11,976,982
------------ ------------
Total deductions 3,404,127 11,976,982
------------ ------------
Net (decrease) increase (3,031,987) (10,646,104)
Net assets at beginning of year 62,199,573 72,845,677
------------ ------------
Net Assets at End of Year $ 59,167,586 $ 62,199,573
============ ============
The accompanying notes are an integral part of the financial statements.
3
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2001 and 2000
--------------------------------------------------------------------------------
1. Establishment and Description of Plan
Effective January 1992, CONMED Corporation (the "Company") established the
CONMED Corporation Retirement Savings Plan (the "Plan"). The Plan is a
defined contribution plan covering all full-time employees of the Company
and its subsidiaries who meet the applicable age and service requirements
set forth in the Plan document. The Plan is subject to the provisions of
the Employee Retirement Income Security Act of 1974 ("ERISA"). The
following brief description of the Plan is provided for general information
purposes only. Participants should refer to the Plan agreement for more
complete information.
Administration of the Plan
The Company serves as Plan Administrator with full power, authority and
responsibility to control and manage the operation and administration of
the Plan.
Contributions
A participant could contribute up to 16 percent of his or her annual
compensation, as defined, up to a maximum of $10,500 per year on a pretax
basis for 2001 and 2000. The Company matches 50 percent of each
participant's contribution of up to a maximum of 6 percent of participant
compensation. Forfeitures of terminated participants' non-vested accounts
reduce employer contributions.
Participant Accounts
Each participant's account is credited with the participant's contribution
and allocation of (a) the Company's contribution and (b) Plan earnings.
Allocations are based on participant earnings or account balances, as
defined. The benefit to which a participant is entitled is the benefit that
can be provided from the participant's account.
Vesting
Each participant is immediately vested in his or her voluntary
contributions plus earnings thereon. A participant becomes vested in the
remainder of his or her account upon the completion of five years of
service.
Investment Options
A participant may direct contributions (in five percent increments) to any
of twelve investment options, as described by the plan administrator:
CONMED Stock Fund - Funds are primarily invested in the common stock of the
Company.
FAM Value Fund - Funds are primarily invested in the Fenimore Asset
Management Fund.
4
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2001 and 2000
--------------------------------------------------------------------------------
1. Establishment and Description of Plan (Continued)
Investment Options (Continued)
Equity Income Fund - Invests in the Fidelity Equity Income Fund. This
mutual fund seeks reasonable income by investing at least 65% of its total
assets in income-producing equity.
Investment Grade Bond Fund - Invests in the Fidelity Investment Grade Bond
Fund. This mutual fund seeks a high level of current income by investing in
U. S. dollar denominated investment-grade bonds.
Low-Priced Stock Fund - Invests in the Fidelity Low-Priced Stock Fund. This
mutual fund seeks capital appreciation by investing mainly in low-priced
common stocks ($35 or less at the time of purchase).
Retirement Money Market Fund - Invests in the Fidelity Money Market Trust:
Retirement Money Market Portfolio. This mutual fund seeks to earn a high
level of current income while maintaining a stable $1.00 share price by
investing in high-quality, short-term securities.
Managed Income Portfolio Fund - This common collective trust fund invests
in the Fidelity Managed Income Portfolio. The portfolio seeks preservation
of capital and a competitive level of income over time by investing in
short and long-term investment contracts issued by insurance companies.
U.S. Equity Index Fund - Invests in the Spartan U.S. Equity Index Fund.
This mutual fund seeks a total return which corresponds to that of the
Standard & Poor's 500 Index by attempting to duplicate the composition and
total return of the S&P 500.
Puritan Fund - Invests in the Fidelity Puritan Fund. The Fund seeks income
and capital growth consistent with reasonable risk by investing
approximately 60% of assets in stocks and other equity securities and the
remainder in bonds and other debt securities.
Aggressive Growth Fund - Invests in the Fidelity Aggressive Growth Fund.
The Fund seeks capital appreciation by investing primarily in common stocks
of domestic and foreign issuers that offer the potential for accelerated
earnings or revenue growth.
Diversified International Fund - Invests in the Fidelity Diversified
International Fund. This Fund seeks capital growth by normally investing at
least 65% of total assets in foreign securities.
Brokerage Link Accounts - Invests in individual common stocks, bonds or
mutual funds as directed by individual participants.
Loans
A participant may obtain a loan between $500 and $50,000, limited to fifty
percent of his or her vested account balance. Each loan bears interest at prime
plus 1% and is secured by a lien on the borrowing participant's plan account.
Repayment is required over a period not to exceed five years or up to 15 years
where the loan is for the purchase of a primary residence. Loan repayments are
allocated among the twelve investment options consistent with the participant's
contribution investment election.
5
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2001 and 2000
--------------------------------------------------------------------------------
1. Establishment and Description of Plan (Continued)
Payment of Benefits
Participants or their beneficiaries are eligible to receive benefits under
the Plan upon normal retirement, death, total and permanent disability or
termination for any reason other than those previously mentioned. Benefits
are payable in accordance with Plan provisions.
Plan Termination
While the Company anticipates and believes that the Plan will continue, it
reserves the right to discontinue the Plan subject to the provisions of
ERISA. In the event of Plan termination, participants will become 100
percent vested in their accounts.
2. Significant Accounting Policies
Basis of Accounting
The accounts of the Plan are maintained on the accrual basis of accounting
in accordance with accounting principles generally accepted in the United
States.
Valuation of Investments
Investments are stated at fair value. The Company stock is valued at its
quoted market price. Mutual fund investments are valued at the net asset
value, representing the value at which shares of the fund may be purchased
or redeemed. Investments in common collective trust funds are valued at the
net asset value of shares held by the trust as determined by the investment
manager.
Interest income is recorded on the accrual basis and dividends are recorded
as of the ex-dividend date.
Contributions
Participant contributions and matching employer contributions are recorded
in the period during which the Company makes payroll deductions from the
participants' earnings.
Administrative Expenses
All administrative expenses, including accounting, legal and trustee fees
are paid by the Company.
6
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2001 and 2000
--------------------------------------------------------------------------------
2. Significant Accounting Policies (Continued)
Use of Estimates
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported
amounts of net assets available for plan benefits and disclosure of
contingent assets and liabilities at the date of the financial statements
and the reported amounts of additions to and deductions from net assets
during the reporting period. Actual results could differ from those
estimates.
Risks and Uncertainties
The Plan provides for various investment options in any combination of
twelve funds. Investment securities are exposed to various risks, such as
interest rate, market and credit. Due to the level of risk associated with
certain investment securities and the level of uncertainty related to
changes in the value of investment securities, it is at least reasonably
possible that changes in risks in the near term would materially affect
participants' account balances and the amounts reported in the statement of
net assets available for benefits and the statement of changes in net
assets available for benefits.
3. Income Tax Status
The trust established under the Plan to hold the Plan's assets is qualified
pursuant to the appropriate section of the Internal Revenue Code, and,
accordingly, the trust's net investment income is exempt from income taxes.
The Plan has obtained a favorable tax determination letter, dated June 20,
1995, from the Internal Revenue Service and the Plan administrator believes
that the Plan, as amended, continues to qualify and to operate as designed.
7
CONMED Corporation
Retirement Savings Plan
Notes to Financial Statements
December 31, 2001 and 2000
--------------------------------------------------------------------------------
4. Investments
Fidelity Investments Institutional Operations Company, Inc. ("Fidelity") is
the trustee of the Plan. As trustee, Fidelity holds the Plan's investment
assets and executes investment transactions.
Investments representing 5% or more of the net assets available for plan
benefits at December 31, 2001 consist of the following:
Current
Units Value
Fidelity Equity Income Fund 124,592 $ 6,076,371
Fidelity Aggressive Growth Fund 447,217 8,506,069
Fidelity Retirement Money Market Fund 4,322,135 4,322,135
Fidelity Managed Income Portfolio Fund 10,543,240 10,543,240
Spartan U.S. Equity Index Fund 179,553 7,297,046
Fidelity Investment Grade Bond Fund 533,702 3,917,372
Net depreciation in the fair value of investments for the year ended
December 31, 2001 was as follows:
Mutual funds $ (8,719,805)
Common stocks (55,510)
-----------------
$ (8,775,315)
=================
5. Transactions with Parties-in-Interest
As of December 31, 2001 and 2000, the Plan held certain securities issued
by the Company as follows:
December 31, 2001 December 31, 2000
------------------------ --------------------------
Number Fair Number Fair
of Value of Value
Shares Shares
CONMED Corp.
Common Stock 132,095 $ 2,636,616 87,747 $ 1,502,667
8
CONMED Corporation Schedule I
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
December 31, 2001
--------------------------------------------------------------------------------
Fair
Identity of Issue/Description of Investment Units Value
FAM Value Fund 29,793 $ 1,077,611
Fidelity Puritan Fund 147,550 2,607,210
Fidelity Equity Income Fund 124,592 6,076,371
Fidelity Investment Grade Bond Fund 533,702 3,917,372
Fidelity Low-Priced Stock Fund 107,764 2,954,884
Fidelity Aggressive Growth Fund 447,217 8,506,069
Fidelity Diversified International Fund 68,955 1,315,659
Spartan U.S. Equity Index Fund 179,553 7,297,046
Fidelity Managed Income Portfolio 10,543,240 10,543,240
CONMED Corporation ** 132,095 2,636,616
Held in Brokerage Link Account * * 5,937,887
Fidelity Retirement Money Market Fund 4,322,135 4,322,135
Interest Bearing Cash Accounts 140,829 140,829
Participant loans, various interest rates
and maturities 1,774,881
----------
$59,107,810
==========
* See pages 10-25 for detail of assets held in the brokerage link
account.
** Denotes party-in-interest
9
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
ACE LTD 200 $ 8,030
APEX SILVER MINES LTD 200 2,000
XCELERA COM INC 100 205
TRANSOCEAN SEDCO FORFX 19 643
PACIFIC CENTURN CYBERWORKS 500 138
ADC TELECOMMUNICATIONS INC 250 1,150
AOL TIME WARNER 1,828 58,679
AT & T CORP 54 980
A T & T WIRELESS 17 244
ACCLAIM ENTMT INC 201 1,065
ACTRADE FINL 80 2,356
ADVANCED MICRO DEVICES INC 160 2,538
AGILENT TECH INC 276 7,869
10
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
AMERICAN CENTY TRGT MATS 772 29,238
AMERICAN EXPRESS CO 150 5,354
AMERICAN INTL GROUP INC 250 19,850
AMERINDO FDS INC 247 1,422
AMGEN INC 100 5,644
AMPLIDYNE INC 75 59
AMYLIN PHARMACEUTICALS INC 100 914
ANADARKO PETE CORP 200 11,370
ANTS SOFTWARE 169 289
APPLIED DIGITAL SOLUTIONS INC 699 301
APPLIED MICRO CIRCUITS 175 1,981
APPLIED MATERIALS INC 10 401
ARIBA INC 125 770
ARTISAN INTL FUND 1,117 20,514
ASK JEEVES INC 50 170
11
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
AT HOME CORP 41 --
ATMEL CORP 1,000 7,370
AVANTGO INC 400 700
AVAYA INC 68 826
BANK ONE CORP 5 195
BARR LABS INC 600 47,616
BEA SYS INC 200 3,080
BED BATH & BEYOND INC 105 3,560
BEYOND COM CORP 86 108
BIOMIRA INC 150 630
BORG WARNER AUTOMOTIVE 300 15,675
BRISTOL MYERS SQUIBB CO 17,453 890,103
BROADBAND HOLDER TR 100 1,650
BROADCOM CORP 20 817
BROADVISION INC 3,075 8,426
CMG INFORMATION SVCS INC 1,650 2,690
CALAMOS INVT TR 22,308 304,962
CALYPTE BIOMEDICAL CORP 2,500 463
CARDINAL HEALTH INC 150 9,699
12
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
Catalina Marketing Corp 150 5,205
Centura Software Corp 50 0
CHEVRONTEXACO CORP 77 6,900
Ciena Corp 550 7,871
Cisco Sys Inc 7,043 127,549
CitIGroup Inc 341 17,214
Coca-Cola Bottling Co Consolidated 58 2,196
Commerce One Inc 1,485 5,301
COREL CORP 500 950
Corning Inc 300 2,676
Cryo-cell intl inc 725 3,553
DELL COMPUTER CORP 560 15,221
DIAMOND OFFSHORE DRILLING INC 300 9,120
13
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
DIGITAL LIGHTWAVE INC 3,815 35,785
WALT DISNEY COMPANY 200 4,144
DOUBLECLICK 158 1,792
DOVER DOWNS ENTMT INC 100 1,530
DREYFUS EMERGING LEADERS FUND 973 33,817
DREYFUS INTL FDS 3,373 38,245
DURBAN ROODEPOORT DEEP LTD 1,225 1,691
E M C CORP MASS 325 4,360
EAGLE WIRELESS INTL INC 2,652 1,618
EDULINK INC 30,000 390
ELAN PLC ADR 300 13,518
EMACHINES INC 1,150 1,173
ENRON CORP 300 7,380
ETOYS INC 200 1
EXODUS COMMUNICATIONS INC 400 4
F5 NETWORKS INC 250 5,385
FIDELITY JAPAN FUND 170 1,549
FIDELITY CASH RESERVES 1,640,281 1,640,234
FIDELITY FINL TR CONV SECS FD 2,446 48,667
14
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
FIDELITY INCOME FD GINNIE MAE 6,929 75,254
FIDELITY FREEDOM 2020 FUND 476 5,989
FIDELITY GROWTH COMPANY FUND 99 5,256
FIDELITY AGGRESSIVE GROWTH FUND 388 7,388
FIDELITY BLUE CHIP GROWTH FUND 80 3,447
FIDELITY DIVIDEND GROWTH FUND 1,579 44,724
FIDELITY SELECT TECHNOLOGY 458 27,768
FIDELITY SELECT BIOTECHNOLOGY FUND 422 27,493
FIDELITY SELECT BRKG & INVEST FUND 477 21,178
FORD MTR CO 1,000 15,720
FOTOBALL USA INC 100 330
FOUNDRY NETWORKS 300 2,445
FUSION MED TECHNOLOGIES INC 4,500 25,785
GEMSTAR-TV GUIDE INTL INC 300 8,310
GENENTECH INC 400 21,700
GENERAL DYNAMICS CORP 200 15,928
GENERAL ELECTRIC CO 1,437 57,583
15
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
GENOME THERAPEUTICS CORP 100 681
GENUITY INC 100 158
GENZYME CORP 60 480
GILLETTE CO 150 5,010
GLOBALNET FINCL.COM RTS 0 9,082
GUCCI GROUP N V 66 5,603
HANDSPRING INC 100 674
HANOVER DIRECT 10,000 3,700
HARBOR FD CAP APPRECIATION FD 1,019 29,791
HARLEY DAVIDSON INC 1,200 65,172
HARMONIC LIGHTWAVES INC 75 902
HARRIS ASSOC OAKMARK SELECT FUND 2,640 71,927
HARVARD SCIENTIFIC CORP 3,800 19
HEWLETT PACKARD CO 800 16,432
HIGH SPEED NET SOLUTIONS INC 50 83
HOME DEPOT INC 240 12,242
HONEYWELL INTL INC 200 6,764
16
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
HYDROGIENE CORP 9,250 4,125
IMAGEX COM INC 20 15
INFOSPACE COM 7,294 14,953
INHALE THERAPEUTICC SYS 30 557
INKTOMI CORP 800 5,368
INTEGRA LIFESCIENCES CORP 81 2,134
INTEL CORP 2,950 92,769
INTERIORS INC CL A 5,000 20
INTERNATIONAL BUSINESS MACH 1,206 145,930
INTERNATIONAL SPEEDWAY CORP 100 3,910
INTERNET CAPITAL GROUP INC 330 399
INTERNET PICTURES CORP 300 633
INTERNET SEC SYS INC 100 3,206
INVESCO TELECOMM #39 N/C 360 5,982
IVAX CORP 531 10,694
JDS UNIPHASE CORP 444 3,854
17
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
JABIL CIRCUIT INC 1,542 35,034
JANUS OLYMPUS FUND 93 2,591
JOHNSON & JOHNSON 1,200 70,920
JUNIPER NETWORKS INC 175 3,316
KEITHLEY INSTRS INC 100 1,690
KENDLE INTL INC 900 18,144
LSI LOGIC CORPORATION 265 4,182
L-3 COMMUNICATIONS HLDGS INC 150 13,500
LEAR CORP 200 7,628
LEVEL3 COMMUNICATIONS INC 100 500
LILLY ELI & CO 40 3,142
LOCH HARRIS INC 2,300 71
LOCKHEED MARTIN CORP 200 9,334
LOOMIS SAYLES BOND FUND 3,781 39,473
LOWES COMPANIES INC 500 23,205
LUCENT TECHNOLOGIES INC 1,198 7,547
MANAGERS FDS BOND FD 2,103 46,934
18
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
MARIMBA INC 100 338
MCDATA CORP 1 25
MEDIMMUNE INC 100 4,635
MEDTRONIC INC 350 17,924
MERCK & CO INC 200 11,760
MERGER FD SH BEN INT 672 9,923
MERRILL LYNCH & CO INC 25,000 25,034
METROCALL INC 2,700 65
MICROSOFT CORP 544 36,040
MINNESOTA MNG & MFT CO 3 355
MIRACLE ENTMT INC 16,628 416
MIRAVANT MED TECHNOLOGIES 1,452 13,954
MONTGOMERY US FDS II GLBL LS CL R 666 7,943
MOTOROLA INC DTD 10,000 9,848
MOTOROLA INC 1,948 29,259
NABI 1,000 10,320
19
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
NQL INC 1,000 60
NGR ENERGY INC 300 4,650
NX NETWORKS INC 50 1
NABORS INDS INC 100 3,433
NANOPHASE TECHNOLOGIES CORP 10 59
NASDAQ 100 TR UNIT SER 1 463 18,015
NEOFORMA COM INC 40 1,166
NETGATEWAY INC 4,000 1,320
NEW PLAN EXCEL RLTY TR INC 300 5,715
NOKIA CORP SPONSORED ADR 1,202 29,485
NORTEL NETWORKS CORP 402 2,999
NORTHEAST INVS TR 3,481 25,868
NORTHROP GRUMMAN CORP 150 15,122
NOVELL INC 50 230
WHITE OAK GROWTH STOCKFUND 14 530
ONYX PHARMACEUTICALS INC 60 307
OPENWAVE SYS INC 100 979
ORACLE SYS CORP 2,710 37,425
20
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
ORATEC INTERVENTIONS INC 1,000 6,470
ORGINAL MEDIA 23,000 23
PLX TECHNOLOGY INC 100 1,261
PMC-SIERRA INC 1,300 27,638
PALM INC 207 803
PARADYNE CORP 300 1,170
PARAMETRIC TECHNOLOGY CORP 100 781
PEPSICO INC 102 4,966
PETROLEUM GEO SVCS A/S SPONSORED ADR 500 3,980
PFIZER INC 3,800 151,430
PHILIP MORRIS COS INC 165 7,565
PLANTRONICS INC 175 4,487
PRIMUS TELECOMM GROUP INC 5 3
21
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
PUMA TECHNOLOGY INC 15,000 38,700
QLOGIC CORP 790 35,163
QUALCOMM INC 836 42,218
RAMBUS INC 390 3,116
RAYTHEON CO CL B 100 3,247
RAZORFISH INC CL A 1,270 279
REALNETWORKS INC 100 594
REALITY WIRELESS NETWORKS INC 29 7
RED HAT INC 750 5,325
REGISTER INC 100 1,150
REYNOLDS R J INC 300 16,890
RYDEX SER TR 173 8,011
SPSS INC 33 586
SRI/SURGICAL EXPRESS INC 500 8,000
SANDISK CORP 100 1,440
SAP AG ADR 100 3,193
SCHLUMBERGER LTD 100 5,495
SCHWAB CHARLES CORP 750 11,603
SELECTED AMERN SHS INC 1,280 39,658
SEZENA SOFTWARE INC 100 2,174
SHAMAN PHARMACEUTICALS 44,070 264
22
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
SHE GOT NETWORK INC 700 0
SILICON VY RESH INC 2,000 160
SIRIUS SATELLITE RADIO INC 154 1,791
SONIC AUTOMOTIVE INC 800 18,752
SPRINT CORP 25 502
STRONG EQUITY FDS INC ENTERPRISE FD 1,062 23,515
SUN MICROSYSTEMS INC 1,921 23,628
SUNBEAM-OSTER INC 320 16
SUPERCONDUCTOR TECHNOLOGIES 190 1,235
SYCAMORE NETWORKS INC 100 536
TARGET CORP 500 20,525
TELAXIS COMMUNICATIONS CORP 150 108
TELIGENT INC CL A 50 0
TEXAS INSTRUMENTS INC 1,200 33,600
THERMOELASTIC TECH INC 7,000 420
3DFX INTERACTIVE INC 200 96
3COM CORP 1,105 7,050
TITAN CORP 100 2,495
23
CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
-------------------- ------ ----------
TOO INC 30 825
TRICON GLOBAL RESTAURANTS 150 7,380
TYCO INTL LTD 640 37,696
UNITED PARCEL SVC INC CL B 120 6,540
UNIVISION COMMUNICATIONS INC CL A 300 12,138
VA LINUX SYS INC 150 368
VERIZON COMMUNICATIONS 250 11,865
VERTEL CORP 25 17
VERTICAL COMPUTER SYS INC 1,000 11
VITESSE SEMICONDUCTOR CORP 120 1,492
WAL MART STORES INC 1,050 60,428
WALGREEN CO 200 6,732
WASHINGTON MUTUAL INC 300 9,810
WAVE SYSTEMS CORP CL A 139 311
WEITZ SER FD INC 1,400 48,007
WELLS FARGO & CO 200 8,694
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CONMED Corporation
Retirement Savings Plan
Schedule of Assets Held for Investment Purposes
Brokerage Link Account
December 31, 2001
Security Description Shares Fair Value
WIND RIV SYS INC 100 1,791
WORLDCOM INC GA 2,120 29,850
WORLDCOM INC WORLDCOM GROUP 84 1,067
WRIGHT MED GROUP INC 2,000 35,800
XO COMMUNICATIONS INC 5,000 400
XYBERNAUT CORP 200 476
YAHOO INC 113 2,005
ZIMMER HLDGS INC 1,657 50,605
ZIMMER HLDGS IC ODD LOT TENDER 57 1,696
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TOTAL ACCOUNT MARKET VALUE $5,937,887
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