(e)

2005 Equity Compensation Plan Amendment

On July 29, 2009, the stockholders of Volcano Corporation (the "Company") approved an amendment and restatement of the Volcano Corporation 2005 Equity Compensation Plan (the "Plan"), which, among other things, (1) increases the shares available for issuance under the Plan by 2,050,000 shares, (2) provides that the Company cannot allow repricing of stock options without express approval of the stockholders, (3) clarifies that a change in control must actually occur in order for change in control benefits to be realized,
(4) provides that, commencing July 29, 2009, the number of shares of stock available for issuance under the Plan will be reduced by one share for each share of common stock issued pursuant to an option or a stock appreciation right and one and sixty-three hundredths (1.63) shares for each share of common stock issued pursuant to a restricted stock award, restricted stock unit award, performance stock award or other stock award, and (5) provides that shares net exercised or retained to cover a participant's minimum tax withholding obligations will not again become available for issuance under the Plan.

A more detailed summary of the key terms of the amended and restated Plan is set forth in the Company's definitive proxy statement for its 2009 annual meeting of stockholders, as filed with the Securities and Exchange Commission on June 2, 2009 (the "Proxy Statement"). The foregoing summary is qualified in its entirety by reference to the full text of the amended and restated Plan, which is filed as Exhibit 10.3 herein and incorporated herein by reference.

Short Term Incentive Plan

On July 28, 2009, the Compensation Committee (the "Compensation Committee") of the Board of Directors of the Company (the "Board"), approved the Short Term Incentive Plan (the "STI Plan") to establish the 2009 bonus pool criteria and target bonus levels, including for the Company's executive officers.

The STI Plan provides that the overall bonus pool would be based on the achievement of financial metrics comprised of the Company's 2009 revenue and operating income, and other key company-wide operational and financial objectives, which the Company refers to as its "key factors for success" (together the "2009 Objectives"). The STI Plan establishes a 70% weighting on the achievement of the financial metrics and a 30% weighting on the achievement of the key factors for success. The STI Plan establishes a minimum threshold of 80% achievement of 2009 Objectives for payment of cash bonuses under the plan. The STI Plan also provides that individual bonus targets for executive officers will be based on such executive officer's achievement of company-wide and departmental or functional area goals and objectives, as well as individual performance contributing to the achievement of such goals and objectives. Upon achievement of target goals and objectives, eligible executive officers of the Company would be granted by the Compensation Committee cash bonuses of approximately 20% of their respective annual base salary. The range of bonus payments under the STI Plan for executive officers is between 0% and 40% of such officer's respective 2009 base salary.

The Compensation Committee retains discretion to increase, reduce or eliminate bonus payments that otherwise would be payable under the STI Plan based on actual performance and other factors determined by the Compensation Committee. Vincent J. Burgess, Michael E. Lussier and John F. Sheridan are the current executive officers eligible to participate in the STI Plan. Bonus payments to R.Scott Huennekens and John T. Dahldorf will continue to be governed by their respective employment agreements with the Company. Jorge J. Quinoy will continue to be eligible to receive sales commission pursuant to his sales commission plan.

(d) Exhibits.

Exhibit
Number       Description
10.3         Volcano Corporation Amended and Restated 2005 Equity Compensation Plan
             (as originally filed as Appendix A to the Company's definitive proxy
             statement for its 2009 annual meeting of stockholders, as filed with
             the Securities and Exchange Commission on June 2, 2009, and
             incorporated herein by reference).