ELLIOTT JOHN RAYMOND 4
4 · BOSTON SCIENTIFIC CORP · Filed Mar 2, 2011
Insider Transaction Report
Form 4
ELLIOTT JOHN RAYMOND
DirectorPresident and CEO
Transactions
- Award
Deferred Stock Units (PIP 2010)
2011-02-28+145,841→ 145,841 total→ Common Stock (145,841 underlying)
Footnotes (2)
- [F1]Each deferred stock unit represents the Company's commitment to issue one share of Boston Scientific common stock.
- [F2]Pursuant to Mr. Elliott's Offer Letter from Boston Scientific, he elected his 2010 Performance Incentive Plan bonus award to be paid in the form of Deferred Stock Units valued at the closing price of our common stock on February 28, 2011, the date on which Mr. Elliott's award was determined by the Compensation Committee of the Board of Directors. The Deferred Stock Units are payable on February 28, 2015, the fourth anniversary of the award.