ELLIOTT JOHN RAYMOND 4
4 · BOSTON SCIENTIFIC CORP · Filed Feb 29, 2012
Insider Transaction Report
Form 4
ELLIOTT JOHN RAYMOND
DirectorPresident and CEO
Transactions
- Award
Deferred Stock Units (PIP 2011)
2012-02-27+179,677→ 179,677 total→ Common Stock (179,677 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 2011 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 27, 2012, 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 27, 2016, the fourth anniversary of the award.