Statement of Changes in Beneficial Ownership (4)
February 23 2021 - 5:14PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Nanavaty Maulik |
2. Issuer Name and Ticker or Trading Symbol
BOSTON SCIENTIFIC CORP
[
BSX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP & Pres, Neuromodulation |
(Last)
(First)
(Middle)
300 BOSTON SCIENTIFIC WAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/21/2021 |
(Street)
MARLBOROUGH, MA 01752-1234
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/21/2021 | | M | | 1713.0000 | A | $0.0000 (1) | 243358.0000 | D | |
Common Stock | 2/21/2021 | | F | | 593.0000 | D | $38.0300 | 242765.0000 | D | |
Common Stock | 2/22/2021 | | M | | 1883.0000 | A | $0.0000 (1) | 244648.0000 | D | |
Common Stock | 2/22/2021 | | F | | 652.0000 | D | $39.2000 | 243996.0000 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Deferred Stock Units | (1) | 2/21/2021 | | M | | | 1713.0000 | (2) | 2/21/2023 (2) | Common Stock | 1713.0000 | $0.0000 | 3428.0000 | D | |
Deferred Stock Units | (1) | 2/22/2021 | | M | | | 1883.0000 | (3) | 2/22/2021 (3) | Common Stock | 1883.0000 | $0.0000 | 0.0000 | D | |
Performance Share Units | (4) | 2/22/2021 | | A | | 6303.0000 (5) | | 12/31/2022 (5) | 12/31/2022 (5) | Common Stock | 6303.0000 | $0.0000 | 6303.0000 (5) | D | |
Explanation of Responses: |
(1) | Each deferred stock unit represents the Company's commitment to issue one share of Boston Scientific common stock. |
(2) | Shares of common stock will be issued to the reporting person in four equal annual installments beginning on February 21, 2020, the first anniversary of the date of grant. |
(3) | Shares of common stock will be issued to the reporting person in five equal annual installments beginning on February 22, 2017, the first anniversary of the date of grant. |
(4) | Each performance share unit represents the Company's commitment to issue one share of Boston Scientific common stock. |
(5) | On February 18, 2020, the reporting person was awarded a target number of performance share units under the Company's 2020 Free Cash Flow Performance Share Program, the actual number of which to be earned by the reporting person would be based on the Company's 2020 adjusted free cash flow measured against its 2020 financial plan over the one-year performance period ending December 31, 2020 and subject to the completion of a three-year individual service period (inclusive of the performance period). On February 22, 2021, the number of the target performance share units as to which the performance criteria had been satisfied was determined. The performance share units so determined will vest in whole upon the completion of the individual service period that ends on December 31, 2022. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Nanavaty Maulik 300 BOSTON SCIENTIFIC WAY MARLBOROUGH, MA 01752-1234 |
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| SVP & Pres, Neuromodulation |
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Signatures
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/s/ Scott G. Hodgdon, Attorney-in-Fact | | 2/23/2021 |
**Signature of Reporting Person | Date |
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