4//SEC Filing
ABELE JOHN E 4
Accession 0001225208-12-016455
CIK 0000885725other
Filed
Jul 17, 8:00 PM ET
Accepted
Jul 18, 7:44 PM ET
Size
9.5 KB
Accession
0001225208-12-016455
Insider Transaction Report
Form 4
ABELE JOHN E
Director
Transactions
- Other
Common Stock
2012-07-16−490,000→ 3,011,983 total - Other
Forward Sale Contract (obligation to sell)
2012-07-16−490,000→ 0 totalFrom: 2012-07-16Exp: 2012-07-16→ Common Stock (490,000 underlying)
Holdings
- 351,098(indirect: By Trust)
Common Stock
- 400,000(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]On March 1, 2010, the reporting person entered into a trading plan intended to comply with the requirements of Rule 10b5-1 with an unaffiliated commercial bank to execute a series of variable prepaid forward sale contracts. On July 16, 2012, the reporting person settled a prepaid variable contract originally entered into on July 16, 2010 through the delivery of 490,000 shares of the Issuer's common stock. At the initiation of the contract, the bank paid $2,147,723.04 to the reporting person. See also footnote 2.
- [F2]In accordance with the variable prepaid forward sale contract, when settled in shares the number of shares to be delivered to the bank at maturity depends on the market price per share at maturity, but may not exceed 490,000 shares. If the market price per share at maturity was equal to or less than the floor price of $6.2393 per share, the reporting person would deliver 490,000 shares to the bank. If the market price per share at maturity was greater than the floor price, the reporting person would deliver a fewer number of shares. The market price per share at maturity on July 16, 2012 was $5.57. Accordingly, the reporting person transferred 490,000 shares of the Issuer's common stock to the bank.
- [F3]Common stock held by the reporting person's wife. The reporting person disclaims beneficial ownership of these shares.
- [F4]Common stock held by trust for the benefit of the reporting person's child of which the reporting person is a trustee. The reporting person disclaims beneficial ownership of these shares.
Documents
Issuer
BOSTON SCIENTIFIC CORP
CIK 0000885725
Entity typeother
Related Parties
1- filerCIK 0000901430
Filing Metadata
- Form type
- 4
- Filed
- Jul 17, 8:00 PM ET
- Accepted
- Jul 18, 7:44 PM ET
- Size
- 9.5 KB