SEC Form 4 · accession 0001225208-16-028760
BOSTON SCIENTIFIC CORP · BSX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Bradley Sorenson
Officer — SVP, Manuf & Sup Chn
Period of report
Feb 27, 2016
Accepted (ET)
Mar 1, 2016 · 4:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000885725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 27, 2016 | M | 7,166 | $0.00 | A | 14,641 | D | |
| Common Stock | Feb 27, 2016 | F | 2,406 | $17.21 | D | 12,235 | D | |
| Common StockF1 | Feb 28, 2016 | M | 5,413 | $0.00 | A | 17,648 | D | |
| Common StockF1 | Feb 28, 2016 | M | 3,142 | $0.00 | A | 20,790 | D | |
| Common Stock | Feb 28, 2016 | F | 2,875 | $17.21 | D | 17,915 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF1,F2 | — | Feb 27, 2016 | M | 7,166 | D | Feb 27, 2017 | Feb 27, 2017 | Common Stock | 7,166 | 7,166 | D |
| Deferred Stock UnitsF1,F3 | — | Feb 28, 2016 | M | 3,142 | D | Feb 28, 2016 | Feb 28, 2016 | Common Stock | 3,142 | 0 | D |
| Deferred Stock UnitsF1,F4 | — | Feb 28, 2016 | M | 5,413 | D | Feb 28, 2018 | Feb 28, 2018 | Common Stock | 5,413 | 10,826 | D |
Explanation of responses
- F1Each deferred stock unit represents the Company's commitment to issue one share of Boston Scientific common stock.
- F2Shares of common stock will be issued to the reporting person in five equal annual installments beginning on February 27, 2013, the first anniversary of the date of grant.
- F3Shares of common stock will be issued to the reporting person in five equal annual installments beginning on February 28, 2012, the first anniversary of the date of grant.
- F4Shares of common stock will be issued to the reporting person in five equal annual installments beginning on February 28, 2014, the first anniversary of the date of grant.