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<title>Mentor Corporation - 8-K Share Repurchase Program</title>



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<p align=center style='text-align:center'><b><font face="Arial" size="4">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
</font> </b><font face="Arial">Washington, DC 20549</font></p>

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<p align=center style='text-align:center'><font face="Arial" size="4"><b>FORM 8&#8209;K</b></font></p>

<p align=center style='text-align:center'><font face="Arial" size="2">CURRENT REPORT<br>
Pursuant to Section 13 or 15(d) of<br>
the Securities Exchange Act of 1934</font></p>

<p align=center style='text-align:center'><font face="Arial" size="2">Date of Report (Date of earliest
event reported)<br>
</font><font face="Arial" size="4">
<b>June 16, 2006</b></font></p>

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<p align=center style='text-align:center'><font face="Arial" size="4"><b>MENTOR CORPORATION<br>
</b></font><font face="Arial" size="2">(Exact name of
registrant as specified in its charter)</font></p>

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  <td width="29%" valign=top style='width:29.44%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'><font face="Arial" size="2"><b><u>Minnesota</u></b></font></p>
  </td>
  <td width="3%" valign=bottom style='width:3.74%;padding:0in .7pt 0in .7pt'>
  <p><font face="Arial" size="2"><b>&nbsp;</b></font></p>
  </td>
  <td width="31%" valign=top style='width:31.78%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'><font face="Arial" size="2"><b><u>001-31744</u></b></font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.5%;padding:0in .7pt 0in .7pt'>
  <p><font face="Arial" size="2"><b>&nbsp;</b></font></p>
  </td>
  <td width="32%" valign=top style='width:32.54%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'><font face="Arial" size="2"><b><u>41-0950791</u></b></font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign=top style='width:29.44%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'><font face="Arial" size="2">(State or other jurisdiction of
  incorporation)</font></p>
  </td>
  <td width="3%" valign=bottom style='width:3.74%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="31%" valign=top style='width:31.78%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'><font face="Arial" size="2">(Commission File Number)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.5%;padding:0in .7pt 0in .7pt'>

  </td>
  <td width="32%" valign=top style='width:32.54%;padding:0in .7pt 0in .7pt'>
  <p align=center style='text-align:center'><font face="Arial" size="2">(IRS Employer<br>
  Identification No.)</font></p>
  </td>
 </tr>
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<p align=center style='text-align:center'><font face="Arial" size="2"><b>201 Mentor Drive<br>
 Santa Barbara, California&nbsp; 93111<br>
</b>(Address of
principal executive offices, including zip code)</font></p>

<p align=center style='text-align:center'><font face="Arial" size="2"><b>(805) 879-6000<br>
</b>(Registrant's
telephone number, including area code)</font></p>

<p><font face="Arial" size="2">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):</font></p>

<p><font face="Arial" size="2">[&nbsp; ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p><font face="Arial" size="2">[&nbsp; ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p><font face="Arial" size="2">[&nbsp; ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))</font></p>

<p><font face="Arial" size="2">[&nbsp; ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</font></p>





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<p><font face="Arial" size="2"><b>Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Entry into a Material Definitive Agreement.</b></font></p>
<p style="text-indent: .5in; margin-top: 12.0pt"><font face="Arial" size="2">
On June&nbsp;16, 2006, Mentor Corporation (the
&quot;Company&quot;) entered into a stock purchase plan with Citigroup Global Markets Inc.
for the purpose of repurchasing shares of the Company's common stock (the
&quot;Plan&quot;).&nbsp; Repurchases will be made under a Rule 10b5-1 plan compliant with Rule
10b-18.&nbsp; The first repurchase under the Plan cannot take place prior to the
third trading day following the Company's announcement of its financial results
for the three months ending June&nbsp;30, 2006.&nbsp; The timing of purchases and the
exact number of shares to be purchased will depend on market conditions.&nbsp; The
repurchase program and the Plan may be suspended or discontinued at any time.</font></p>
<p style="text-indent: .5in; margin-top: 12.0pt"><font face="Arial" size="2">
The text of the press release is attached hereto
as Exhibit 99.1 and is incorporated in its entirety herein by reference.</font></p>
<p style="margin-top: 12.0pt"><font face="Arial" size="2"><b>
Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Information.</b></font></p>
<p style="text-indent: .5in; margin-top: 12.0pt"><font face="Arial" size="2">
In connection with the Company's entry into the
stock purchase plan, the Board of Directors of the Company (the &quot;Board&quot;)
increased the authorized number of shares available for repurchase pursuant to
its stock repurchase program and under the Plan from 3.3 million to 5.0 million
shares available under the Plan.&nbsp; The Board approved the repurchase of shares of
the Company's common stock under the Plan in an amount not to exceed $166
million in total repurchases (subject also to the 5.0 million shares
limitation), consistent with the limitations set forth in the Company's Credit
Agreement, dated as of May 25, 2005, as amended on May&nbsp;31, 2006 (the &quot;Credit
Agreement&quot;), among the Company, Bank of the West, as administrative agent, Union
Bank of California, N. A., as syndication agent, Wells Fargo Bank, National
Association, as documentation agent, and the lenders from time to time party
thereto.&nbsp; The amended credit agreement permits the repurchase of up to
$250,000,000 of equity securities, a portion of which was utilized in prior
repurchases, leaving a remaining amount of $166,000,000.&nbsp; In addition, after the
entire $250,000,000 is utilized for such repurchases, the Company may repurchase
during any four consecutive quarters additional equity securities in an amount
limited to the Company's consolidated net income, less dividends paid, for the
four most recent trailing quarters.</font></p>

<p style='margin-top:12.0pt;page-break-after:avoid'><font face="Arial" size="2"><b>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial
Statements and Exhibits.</b></font></p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:
12.0pt;margin-left:.5in'><font face="Arial" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</font></p>

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  <td width=104 valign=top style='width:78.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p><font face="Arial" size="2"><b><u>Exhibit
  No.</u></b></font></p>
  </td>
  <td width=479 valign=top style='width:359.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p><font face="Arial" size="2"><b><u>Description</u></b></font></p>
  </td>
 </tr>
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  <td width=104 valign=top style='width:78.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  6.0pt;margin-left:0in'><font face="Arial" size="2">99.1</font></p>
  </td>
  <td width=479 valign=top style='width:359.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  6.0pt;margin-left:0in'><font face="Arial" size="2">Press
  Release Issued by Mentor Corporation, dated June 22, 2006</font></p>
  </td>
 </tr>
</table>



<p align=center style='text-align:center'><font face="Arial" size="2"><b>&nbsp;</b></font></p>

<p align=center style='text-align:center'><font face="Arial" size="2"><b>SIGNATURES<br>
&nbsp;</b></font></p>





<p><font face="Arial" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.<br>
&nbsp;</font></p>





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  <p style='margin-top:1.0pt;margin-right:0in;margin-bottom:
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  <p style='margin-top:1.0pt;margin-right:0in;margin-bottom:
  1.0pt;margin-left:0in'><font face="Arial" size="2"><b>MENTOR
  CORPORATION</b></font></p>
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  <font face="Arial" size="2">&nbsp;</font></td>
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  <font face="Arial" size="2">&nbsp;</font></td>
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  <p align=right style='margin-top:1.0pt;margin-right:0in;
  margin-bottom:1.0pt;margin-left:0in;text-align:right'>
	<font face="Arial" size="2">By:</font></p>
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  <td width=335 style='width:251.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:1.0pt;margin-right:0in;margin-bottom:
  1.0pt;margin-left:0in'><font face="Arial" size="2"><u>/s/LOREN
  L. MCFARLAND&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>
	</font></p>
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  <p align=right style='margin-top:1.0pt;margin-right:0in;
  margin-bottom:1.0pt;margin-left:0in;text-align:right'>
	<font face="Arial" size="2">Name:<br>
  Title:</font></p>
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  <td width=335 style='width:251.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:1.0pt;margin-right:0in;margin-bottom:
  1.0pt;margin-left:0in'><font face="Arial" size="2">Loren
  L. McFarland<br>
  Vice President and Chief Financial Officer</font></p>
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<p style="margin: 1.0pt 0in" align="center">&nbsp;</p>
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<p style="margin: 1.0pt 0in" align="center">&nbsp;</p>
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<p align=center style='text-align:center'><font face="Arial" size="2"><b>Exhibit Index</b></font></p>






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  <p style='page-break-after:avoid'><font face="Arial" size="2"><b><u>Exhibit No.</u></b></font></p>
  </td>
  <td width=479 valign=top style='width:359.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='page-break-after:avoid'><font face="Arial" size="2"><b><u>Description</u></b></font></p>
  </td>
 </tr>
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  <td width=97 valign=top style='width:72.8pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  6.0pt;margin-left:0in;page-break-after:avoid'><font face="Arial" size="2">99.1</font></p>
  </td>
  <td width=479 valign=top style='width:359.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:6.0pt;margin-right:0in;margin-bottom:
  6.0pt;margin-left:0in;page-break-after:avoid'><font face="Arial" size="2">Press Release Issued by Mentor Corporation, dated June
	22,
   2006</font></p>
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{"company-data": {"conformed-name": "MENTOR CORP /MN/", "cik": "0000064892", "assigned-sic": "3842", "irs-number": "410950791", "state-of-incorporation": "MN", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31744", "film-number": "06919030"}, "business-address": {"street1": "201 MENTOR DR", "city": "SANTA BARBARA", "state": "CA", "zip": "93111", "phone": "8058796000"}, "mail-address": {"street1": "201 MENTOR DR", "city": "SANTA BARBARA", "state": "CA", "zip": "93111"}}
Mentor Corporation - 8-K Share Repurchase Program
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8‑K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported)
June 16, 2006
MENTOR CORPORATION
(Exact name of
registrant as specified in its charter)
Minnesota
001-31744
41-0950791
(State or other jurisdiction of
  incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
201 Mentor Drive
Santa Barbara, California  93111
(Address of
principal executive offices, including zip code)
(805) 879-6000
(Registrant's
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01         
Entry into a Material Definitive Agreement.
On June 16, 2006, Mentor Corporation (the
"Company") entered into a stock purchase plan with Citigroup Global Markets Inc.
for the purpose of repurchasing shares of the Company's common stock (the
"Plan").  Repurchases will be made under a Rule 10b5-1 plan compliant with Rule
10b-18.  The first repurchase under the Plan cannot take place prior to the
third trading day following the Company's announcement of its financial results
for the three months ending June 30, 2006.  The timing of purchases and the
exact number of shares to be purchased will depend on market conditions.  The
repurchase program and the Plan may be suspended or discontinued at any time.
The text of the press release is attached hereto
as Exhibit 99.1 and is incorporated in its entirety herein by reference.
Item 8.01          Other Information.
In connection with the Company's entry into the
stock purchase plan, the Board of Directors of the Company (the "Board")
increased the authorized number of shares available for repurchase pursuant to
its stock repurchase program and under the Plan from 3.3 million to 5.0 million
shares available under the Plan.  The Board approved the repurchase of shares of
the Company's common stock under the Plan in an amount not to exceed $166
million in total repurchases (subject also to the 5.0 million shares
limitation), consistent with the limitations set forth in the Company's Credit
Agreement, dated as of May 25, 2005, as amended on May 31, 2006 (the "Credit
Agreement"), among the Company, Bank of the West, as administrative agent, Union
Bank of California, N. A., as syndication agent, Wells Fargo Bank, National
Association, as documentation agent, and the lenders from time to time party
thereto.  The amended credit agreement permits the repurchase of up to
$250,000,000 of equity securities, a portion of which was utilized in prior
repurchases, leaving a remaining amount of $166,000,000.  In addition, after the
entire $250,000,000 is utilized for such repurchases, the Company may repurchase
during any four consecutive quarters additional equity securities in an amount
limited to the Company's consolidated net income, less dividends paid, for the
four most recent trailing quarters.
Item 9.01          Financial
Statements and Exhibits.
(d)        Exhibits.
Exhibit
  No.
Description
99.1
Press
  Release Issued by Mentor Corporation, dated June 22, 2006
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date:    June 22, 2006
MENTOR
  CORPORATION
By:
/s/LOREN
  L. MCFARLAND
Name:
Title:
Loren
  L. McFarland
Vice President and Chief Financial Officer
2
Exhibit Index
Exhibit No.
Description
99.1
Press Release Issued by Mentor Corporation, dated June
	22,
   2006
3