Joseph Michael Fitzgerald - Dec 29, 2023 Form 4 Insider Report for BOSTON SCIENTIFIC CORP (BSX)

Signature
/s/ Susan Thompson, Attorney-in-Fact
Stock symbol
BSX
Transactions as of
Dec 29, 2023
Transactions value $
-$4,393,079
Form type
4
Date filed
1/2/2024, 08:30 PM
Previous filing
Sep 21, 2023
Next filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSX Common Stock Options Exercise $949K +58.2K +29.39% $16.31 256K Dec 29, 2023 Direct F1
transaction BSX Common Stock Sale -$4.71M -81.9K -31.99% $57.50 174K Dec 29, 2023 Direct F1
transaction BSX Common Stock Options Exercise $0 +21.8K +12.51% $0.00 196K Jan 1, 2024 Direct F2
transaction BSX Common Stock Tax liability -$631K -10.9K -5.56% $57.81 185K Jan 1, 2024 Direct
holding BSX Common Stock 68K Dec 29, 2023 By 401(k) F3
holding BSX Common Stock 4.34K Dec 29, 2023 By Child F4

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
transaction BSX Stock Option (Right to Buy) Options Exercise $0 -58.2K -100% $0.00* 0 Dec 29, 2023 Common Stock 58.2K $16.31 Direct F1, F5
transaction BSX Performance Share Units Options Exercise $0 -21.8K -100% $0.00* 0 Jan 1, 2024 Common Stock 21.8K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a pre-established Rule 10b5-1 trading plan adopted on February 15, 2023, intended to comply with the prior version of Rule 10b5-1(c).
F2 On February 17, 2021, the reporting person was awarded a target number of performance share units under the Company's 2021 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 2021 adjusted free cash flow measured against its 2021 financial plan over the one-year performance period ending December 31, 2021 and subject to the completion of a three-year individual service period (inclusive of the performance period). On February 22, 2022, 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 vested in whole upon completion of the individual service period that ended on December 31, 2023.
F3 Balance reflects the most current data available with regard to share holdings in the Company's 401(k) Retirement Savings Plan.
F4 The reporting person disclaims beneficial ownership of the shares held by his child, and this report should not be deemed an admission that the reporting person is the beneficial owner of his child's shares for purposes of Section 16 or for any other purpose.
F5 Grant to the reporting person of an option to purchase a specified number of shares of common stock vesting in four equal annual installments beginning on February 23, 2016, the first anniversary of the date of grant.
F6 Each performance shares unit represents the Company's commitment to issue one share of Boston Scientific common stock.