0001225208-12-010523.txt : 20120430
0001225208-12-010523.hdr.sgml : 20120430
20120430174140
ACCESSION NUMBER: 0001225208-12-010523
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120426
FILED AS OF DATE: 20120430
DATE AS OF CHANGE: 20120430
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BOSTON SCIENTIFIC CORP
CENTRAL INDEX KEY: 0000885725
STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
IRS NUMBER: 042695240
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE BOSTON SCIENTIFIC PL
CITY: NATICK
STATE: MA
ZIP: 01760-1537
BUSINESS PHONE: 508-650-8000
MAIL ADDRESS:
STREET 1: ONE BOSTON SCIENTIFIC PL
CITY: NATICK
STATE: MA
ZIP: 01760-1537
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: NICHOLAS PETER M
CENTRAL INDEX KEY: 0000901458
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11083
FILM NUMBER: 12796831
MAIL ADDRESS:
STREET 1: C/O BOSTON SCIENTIFIC CORPORATION
STREET 2: ONE BOSTON SCIENTIFIC PLACE
CITY: NATICK
STATE: MA
ZIP: 01760-1537
4
1
doc4.xml
X0305
4
2012-04-26
0000885725
BOSTON SCIENTIFIC CORP
BSX
0000901458
NICHOLAS PETER M
ONE BOSTON SCIENTIFIC PLACE
NATICK
MA
01760-1537
1
Common Stock
2012-04-26
4
J
0
18600.0000
0.0000
D
3400821.0000
I
By Ltd. Partnership
Common Stock
2012-04-26
4
J
0
65825.0000
0.0000
D
1952313.0000
I
By Trust 2
Common Stock
7660393.0000
D
Forward Sale Contract (obligation to sell)
2012-04-26
4
J
0
18600.0000
0.0000
D
2012-04-26
2012-04-26
Common Stock
18600.0000
0.0000
I
By Ltd. Partnership
Forward Sale Contract (obligation to sell)
2012-04-26
4
J
0
65825.0000
0.0000
D
2012-04-26
2012-04-26
Common Stock
65825.0000
0.0000
I
By Trust 2
On March 1, 2010, a family limited partnership of which the reporting person is a general and limited partner, Promerica L.P. ("Promerica"), 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 April 26, 2012, Promerica settled a prepaid variable contract originally entered into on April 26, 2010 through the delivery of 18,600 shares of the Issuer's common stock. At the initiation of the contract, the bank paid $94,265.03 to Promerica. See also footnote 2.
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 18,600 shares. If the market price per share at maturity was equal to or less than the floor price of $7.113 per share, Promerica would deliver 18,600 shares to the bank. If the market price per share at maturity was greater than the floor price, Promerica would deliver a fewer number of shares. The market price per share at maturity on April 26, 2012 was $6.18. Accordingly, Promerica transferred 18,600 shares of the Issuer's common stock to the bank.
On March 1, 2010, a family trust, of which the reporting person's spouse and brother are trustees and the reporting person's spouse and children are beneficiaries (the "Trust"), 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 April 26, 2012, the Trust settled a prepaid variable contract originally entered into on April 26, 2010 through the delivery of 65,825 shares of the Issuer's common stock. At the initiation of the contract, the bank paid $333,601.92 to the Trust. See also footnote 4.
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 65,825 shares. If the market price per share at maturity was equal to or less than the floor price of $7.113 per share, the Trust would deliver 65,825 shares to the bank. If the market price per share at maturity was greater than the floor price, the Trust would deliver a fewer number of shares. The market price per share at maturity on April 26, 2012 was $6.18. Accordingly, the Trust transferred 65,825 shares of the Issuer's common stock to the bank.
Shares held by a trust of which the reporting person's spouse and brother are trustees and the reporting person's spouse and children are beneficiaries.
/s/ Conor Kilroy, Attorney-in-Fact
2012-04-30