L. Saunders - Mar 6, 2023 Form 3/A - Amendment Insider Report for Bausch & Lomb Corp (BLCO)

Role: CEO and Chair, Director
Signature: /s/ Debra E. Levin, attorney-in-fact
Stock symbol: BLCO
Transactions as of: Mar 6, 2023
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 3/6/2023, 04:47 PM
Date Of Original Report: Mar 6, 2023
Previous filing: Dec 12, 2022
Next filing: Jun 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BLCO	Common Shares, No Par Value						375K	Mar 6, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BLCO	Non-Qualified Stock Options (right to purchase)							Mar 6, 2023	Common Shares, No Par Value	1.32M	$18.60	Direct	F2, F3
holding	BLCO	Performance Stock Units							Mar 6, 2023	Common Shares, No Par Value	750K	$0.00	Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects an award of restricted stock units ("RSUs") granted to the reporting person under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan (the "Plan") on February 23, 2023. Each RSU reflects the right to receive one common share, no par value ("Common Share"), of Bausch + Lomb Corporation (the "Company"), subject to the terms of the Plan and the applicable award agreement. The RSUs are scheduled to vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject generally to the reporting person's continued employment through the applicable vesting date.
F2	Reflects an award of stock options to purchase Common Shares granted to the reporting person under the Plan on February 23, 2023. Each stock option reflects the right to purchase one Common Share, subject to the terms of the Plan and the applicable award agreement. The stock options are scheduled to vest and become exercisable in equal installments on each of the first three anniversaries of the grant date, subject generally to the reporting person's continued employment through the applicable vesting date.
F3	The stock options will expire on the tenth anniversary of the grant date.
F4	Represents an award of performance stock units ("PSUs") granted to the reporting person under the Plan on February 23, 2023. Each PSU reflects the right to receive one Common Share, subject to the terms of the Plan and the applicable award agreement. The target number of shares underlying the PSUs is 750,000 Common Shares, and the maximum number of shares underlying the PSUs is 2,250,000 Common Shares.
F5	The PSUs may be earned and vest between 0% and 300% based on achievement of specified share price performance goals (and, if applicable, a relative total shareholder return performance goal), calculated as of the fourth anniversary of the grant date (the "Measurement Date"), subject generally to the reporting person's continued employment through the Measurement Date.

Remarks:

No equity changes to originally filed Form 3; submitting Form 3/A to include Limited Power of Attorney.