1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-qualified Stock Options (right To Purchase)
|
Â
(2)
|
08/09/2023 |
Common Shares, No Par Value
|
15,075
|
$
101.68
|
D
|
Â
|
Non-qualified Stock Options (right To Purchase)
|
Â
(3)
|
06/09/2026 |
Common Shares, No Par Value
|
15,582
|
$
23.92
|
D
|
Â
|
Non-qualified Stock Options (right To Purchase)
|
Â
(3)
|
03/01/2027 |
Common Shares, No Par Value
|
40,231
|
$
14.38
|
D
|
Â
|
Non-qualified Stock Options (right To Purchase)
|
Â
(3)
|
03/07/2028 |
Common Shares, No Par Value
|
40,568
|
$
15.32
|
D
|
Â
|
Restrcited Share Units
|
Â
(4)
|
01/06/2020 |
Common Stock, No Par Value
|
5,461
|
$
(4)
|
D
|
Â
|
Restrcited Share Units
|
Â
(5)
|
03/20/2021 |
Common Stock, No Par Value
|
4,546
|
$
(5)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Includes 26,581 restricted share units ("RSUs") which vest in equal installments on each of the first three anniversaries following the date of grant, subject to the reporting person's continued service. Vested RSUs are settled in Common Shares, no par value ("Common Shares") of Bausch Health Companies Inc. ("Bausch Health"). |
(2) |
Vests in equal installments on each of the first four anniversaries of the date of grant. |
(3) |
Vests in equal installments on each of the first three anniversaries of the date of grant. |
(4) |
Represents a grant of performance-based RSUs. The target number of performance-based RSUs granted to the reporting person was 5,461 and the maximum number that can be distributed is 10,922. The performance-based RSUs shall vest and be distributed between 0-200% of target based on Bausch Health's Total Shareholder Return ("TSR") as measured on January 6, 2020 (the "2020 Measurement Date"). If Bausch Health's TSR for the period between the grant date and the 2020 Measurement Date is below the 50th percentile ranking of the TSR for the applicable peer group, the reporting person will receive no more than the number of Common Shares equal to the target number of performance-based RSUs subject to the award. |
(5) |
Represents a grant of performance-based RSUs. The target number of performance-based RSUs granted to the reporting person was 4,546 and the maximum number that can be distributed is 9,092. The performance-based RSUs shall vest and be distributed between 0-200% of target based on TSR as measured for the 20 trading days preceding the TSR Measurement Date (the "2021 Measurement Date") which is the third anniversary of the grant date (March 7, 2021). If Bausch Health's TSR for the period between the grant date and the 2021 Measurement Date is below the 50th percentile ranking of the TSR for the applicable peer group based on the 20 trading days preceding the Measurement Date, the reporting person will receive no more than the number of Common Shares equal to the target number of performance-based RSUs subject to the award. |