-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JBHLsXwVM3L5RDeYvLwE9nSXsJ4jhDsOvAJioWkegfC//DppRU+4eQqovIyYV0KL dao5Kbx2YhueuPAJ/PP6ow== 0000009892-98-000013.txt : 19980702 0000009892-98-000013.hdr.sgml : 19980702 ACCESSION NUMBER: 0000009892-98-000013 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980701 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARD C R INC /NJ/ CENTRAL INDEX KEY: 0000009892 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 221454160 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 001-06926 FILM NUMBER: 98658677 BUSINESS ADDRESS: STREET 1: 730 CENTRAL AVE CITY: MURRAY HILL STATE: NJ ZIP: 07974 BUSINESS PHONE: 9082778000 MAIL ADDRESS: STREET 1: 730 CENTRAL AVENUE CITY: MURRAY HILL STATE: NJ ZIP: 07974 10-K/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K/A AMENDMENT #1 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1997 Commission File Number 1-6926 C. R. BARD, INC. (Exact name of registrant as specified in its charter) New Jersey 22-1454160 (State of incorporation) (I.R.S. Employer Identification No.) 730 Central Avenue Murray Hill, NJ 07974 (Address of principal executive offices) Registrant's telephone number, including area code: (908) 277-8000 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange Title of each class on which registered Common Stock - $.25 par value New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendments to this Form 10-K. Yes [X] No [ ] The aggregate market value of the voting stock held by nonaffiliates of the registrant was approximately $1,982,230,016 based on the closing price of stock traded on the New York Stock Exchange on February 27, 1998. As of February 27, 1998, there were 56,829,989 shares of Common Stock, $.25 par value per share, outstanding. The Company's definitive Proxy Statement dated March 6, 1998 has been incorporated by reference with respect to certain information contained therein in Part III and Part IV of this Form 10-K. The exhibit index is located in Part IV, Item 14, page IV-1. The undersigned registrant hereby amends the following items, financial statements, exhibits or other portions of its Annual Report on Form 10-K for the year ended December 31, 1997 as set forth in the pages attached hereto. Item 14 Exhibits, Financial Statement Schedules and Reports on Form 8-K. The following financial statements with respect to the Employees' Retirement Savings Plan of C. R. Bard, Inc. (the "Retirement Savings Plan") are filed herewith as Exhibit 99(a) pursuant to Rule 15d-21 under the Securities Exchange Act of 1934, in lieu of filing on Form 11-K: (a) Report of Independent Public Accountants (b) Statements of Net Assets Applicable to Participants' Equity as of December 31, 1997 and 1996 (c) Statement of Changes in Net Assets Applicable to Participants' Equity for the Year Ended December 31, 1997 (d) Notes to Financial Statements Exhibit 23 Consent of Arthur Andersen LLP The Retirement Savings Plan is subject to the Employee Retirement Income Security Act of 1974, as amended, and the foregoing financial statements are filed in lieu of the financial statements required by Items 1, 2 and 3 of Form 11-K. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereto duly authorized. C. R. BARD, INC. (Registrant) By: William C. Bopp /s/ William C. Bopp Executive Vice President and Chief Financial Officer June 30, 1998 EX-23 2 EXHIBIT 23 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS To C. R. Bard, Inc.: As independent public accountants, we hereby consent to the incorporation by reference of our report dated June 19, 1998, included in this Form 10-K/A, into C. R. Bard, Inc.'s previously filed Registration Statements (i) on Form S-8 for the Employees' Retirement Savings Plan of C. R. Bard, Inc., the 1990 Employee Stock Option Plan, as amended Registration No. 33-35544, the C. R. Bard, Inc. 1988 Directors Stock Award Plan, as amended, the 1993 Long Term Incentive Plan of C. R. Bard, Inc., Registration No. 33-64874, the 1993 Long Term Incentive Plan of C. R. Bard, Inc., Registration No. 333-07189 and the MedChem Products, Inc. 1994 Stock Option Plan, MedChem Products, Inc. 1993 Stock Option Plan, MedChem Products, Inc. 1993 Spin-Off Stock Option Plan, MedChem Products, Inc. 1993 Director Stock Option Plan and MedChem Products, Inc. Amended and Restated Stock Option Plan, all formerly maintained by MedChem Products, Inc. Registration No. 33-63147, and (ii) on Form S-3 Registration No. 333-05997. /s/ Arthur Andersen LLP Roseland, New Jersey June 29, 1998 EX-99 3 EXHIBIT 99(a) Employees' Retirement Savings Plan Of C. R. Bard, Inc. Financial Statements As Of December 31, 1997 And 1996 Together With Report of Independent Public Accountants REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS To the Retirement Committee of the Employees' Retirement Savings Plan of C. R. Bard, Inc.: We have audited the accompanying statements of net assets applicable to participants' equity of the Employees' Retirement Savings Plan of C.R. Bard, Inc. as of December 31, 1997 and 1996, and the related statement of changes in net assets applicable to participants' equity for the year ended December 31, 1997. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets applicable to participants' equity as of December 31, 1997 and 1996, and the changes in its net assets applicable to participants' equity for the year ended December 31, 1997, in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment purposes as of December 31, 1997 and reportable transactions for the year ended December 31, 1997, are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The fund information in the statement of changes in net assets applicable to participants' equity is presented for purposes of additional analysis rather than to present the changes in net assets applicable to participants' equity of each fund. The supplemental schedules and fund information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. Roseland, New Jersey June 19, 1998
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C.R. BARD, INC. STATEMENTS OF NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY AS OF DECEMBER 31, 1997 AND 1996 1997 1996 ASSETS: Investments, at fair value - Bard Common Stock Fund $ 39,286,361 $ 36,663,795 Guaranteed Investment Fund 22,262,337 23,608,516 Diversified Common Stock Fund 0 38,452,475 Vanguard Index Trust-500 Portfolio 57,806,053 0 Short-Term Investment Fund 0 3,086,936 Vanguard Money Market Reserves 3,144,800 0 U.S. Treasury Fund 0 3,325,419 Vanguard Bond Index Fund 3,424,922 0 Participant Loans 2,080,005 2,102,237 Total investments $128,004,478 $107,239,378 Accrued interest and dividends receivable 139,726 82,801 Total assets $128,144,204 $107,322,179 LIABILITIES: Due to broker 758,316 199,859 Net assets applicable to participants' equity $127,385,888 $107,122,320
The accompanying notes to financial statements are an integral part of these statements.
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C. R. BARD, INC. STATEMENT OF CHANGES IN NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY FOR THE YEAR ENDED DECEMBER 31, 1997 Bard Vanguard Common Guaranteed Diversified Index Short-Term Stock Investment Common Trust-500 Investment Fund Fund Stock Fund Portfolio Fund NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY, beginning of year $36,663,795 $23,608,516 $38,452,475 $ 0 $3,086,936 ADDITIONS: Employer contributions (net of forfeitures) 3,656,143 0 0 0 0 Employee contributions 2,092,719 2,192,307 7,442,644 0 1,581,472 Interest and dividend income 916,903 1,366,148 5,772,768 0 179,182 Net appreciation of in- vestments 4,485,524 0 8,666,339 0 0 Loans advanced, net of repayments (83,277) 25,477 40,272 0 (8,861) 11,068,012 3,583,932 21,922,023 0 1,751,793 DEDUCTIONS: Disbursements to parti- cipants 6,643,398 3,657,233 6,982,002 0 579,239 Realized loss on invest- ments sold 0 0 0 0 0 Net depreciation of in- vestments 0 0 0 0 0 Other (357) 8,317 102 0 4,747 6,643,041 3,665,550 6,982,104 0 583,986 NET TRANSFERS BETWEEN FUNDS (1,802,405) (1,264,561) (53,392,394) 57,806,053 (4,254,743) NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY, end of year $39,286,361 $22,262,337 $ 0 $57,806,053 $ 0
The accompanying notes to financial statements are an integral part of this statement.
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C. R. BARD, INC. STATEMENT OF CHANGES IN NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY FOR THE YEAR ENDED DECEMBER 31, 1997 (Continued) Vanguard U.S. Vanguard Money Market Treasury Bond Index Participant Reserves Fund Fund Loans NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY, beginning of year $ 0 $3,325,419 $ 0 $2,102,237 ADDITIONS: Employer contributions (net of forfeitures) 0 0 0 0 Employee contribution 0 530,739 0 0 Interest and dividend income 0 245,826 0 172,306 Net appreciation of in- vestments 0 9,291 0 0 Loans advanced, net of repayments 0 (2,492) 0 28,881 0 783,364 0 201,187 DEDUCTIONS: Disbursements to parti- cipants 0 532,001 0 126,856 Realized loss on invest- ments sold 0 0 0 0 Net depreciation of in- vestments 0 11,673 0 0 Other 0 0 0 0 0 543,674 0 126,856 NET TRANSFERS BETWEEN FUNDS 3,144,800 (3,565,109) 3,424,922 (96,563) NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY, end of year $ 3,144,800 $ 0 $3,424,922 $2,080,005
The accompanying notes to financial statements are an integral part of this statement.
EMPLOYEES' RETIREMENT SAVINGS PLAN OF C. R. BARD, INC. STATEMENT OF CHANGES IN NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY FOR THE YEAR ENDED DECEMBER 31, 1997 (Continued) Accrued Dividends Interest & Due To Receivable Broker Total NET ASSETS APPLICABLE TO PARTICIPANTS' EQUITY, beginning of year $ 82,801 $(199,859) $107,122,320 ADDITIONS: Employer contributions (net of for- feitures) 0 0 3,656,143 Employee contributions 0 0 13,839,881 Interest and dividend income 56,925 0 8,710,058 Net appreciation of investments 0 0 13,161,154 Loans advanced, net of repayments 0 0 0 $ 56,925 0 $ 39,367,236 DEDUCTIONS: Disbursements to participants 0 0 18,520,729 Realized loss on investments sold 0 0 0 Net depreciation of investments 0 0 11,673 Other 0 558,457 571,266 0 558,457 19,103,668 NET TRANSFERS BETWEEN FUNDS 0 0 0 ASSETS APPLICABLE TO PARTICIPANTS EQUITY,end of year $139,726 $(758,316) $127,385,888
The accompanying notes to financial statements are an integral part of this statement. EMPLOYEES' RETIREMENT SAVINGS PLAN OF C R BARD, INC. NOTES TO FINANCIAL STATEMENTS (1) PLAN DESCRIPTION: The following description of the Employees' Retirement Savings Plan of C. R. Bard, Inc. (the "Plan") is provided for general information purposes. Participants of the Plan should refer to the Plan document for more detailed and complete information. General- The Plan is a defined contribution plan for which contributions are made by C. R. Bard, Inc. (the "Company") and Plan participants. All domestic employees of the Company, not covered by a collective bargaining agreement, who have completed 1,000 hours of service and have attained the age of 21, are eligible to participate in the Plan. Contributions- Plan participants may elect to make tax deferred contributions through payroll deductions equal to 2% to 15% of their compensation. Salespersons' commissions are also eligible for contributions to the Plan. The Company matches 100% of participants' contributions up to the first 2% of their compensation and 25% of contributions between 2% and 4% of their compensation. The Company may elect, at its discretion, to make additional matching contributions. However, matching contributions (when aggregated with elective deferral contributions) are not to exceed the maximum tax deductible amount per current Federal tax regulations. As of December 31, 1997, participants may direct their contributions to be invested in one of the following types of investment funds: Bard Common Stock Fund - The fund invests in C. R. Bard, Inc. Common Stock. Guaranteed Investment Fund - The fund invests in a diversified portfolio of investment contracts issued by insurance companies and other financial institutions. Vanguard Index Trust - 500 Portfolio - The fund holds all of the 500 stocks that make up the Standard & Poor's 500 Composite Stock Price Index in proportion to their weighting in the Index. Vanguard Money Market Reserves - The fund invests in short-term, high-quality money market instruments issued by financial institutions, nonfinancial corporations, the U.S. government, and federal agencies. - 1 - Vanguard Bond Index Fund - The fund attempts to match the performance of the Lehman Brothers Aggregate Bond Index. All employee contributions are fully vested and nonforfeitable. Company contributions are invested solely in the Bard Common Stock Fund and may be made in cash or Company stock. Forfeitures- At December 31, 1997, forfeited nonvested accounts totaled approximately $38,967. These accounts will be used to reduce future Company matching contributions. Also, in 1997, employer contributions were reduced by $457,090 from forfeited nonvested accounts. Vesting- Participants are always fully vested in their elective contributions. Participants are vested in the Company's matching contribution as follows: Years Participated in Plan % Vested Under 2 0 2 but < 3 25% 3 but < 4 50% 4 but < 5 75% 5 or more 100% Loans- A participant may borrow up to one-half of their vested account balance, limited to $50,000. The loan shall be repaid pursuant to a fixed payment schedule not to exceed five years from the date of the loan (unless such loan is for the purchase of a primary residence, in which case the loan may be repaid within fifteen years). Income Allocations- Investment income for an accounting period shall be allocated to participants' accounts in proportion to the total of their respective account balances at the beginning of such accounting period plus any contributions or loan repayments credited to the account during the period. Distributions- Participants will receive the full amount of their vested account balance when one of the following events occurs: normal retirement, termination of service, death or disability. Early withdrawals are permitted at the participant's request after attainment of age 59-1/2. Certain hardship withdrawals are also permitted. Distributions may be made in a lump sum payment or in a series of installments over 3 to 10 years. - 2 - (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Estimates in the Preparation of Financial Statements- The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of additions and deductions during the reporting period. Actual results could differ from those estimates. Valuation of Investments- Investments in the Bard Common Stock Fund, the Vanguard Index Trust-500 Portfolio, the Vanguard Money Market Reserves and the Vanguard Bond Index Fund are in the form of units of participation within the account with the unit value of each account calculated periodically by the Trustee reflecting transaction gains and losses, appreciation or depreciation of the market value of the account investments, interest and dividends. The Guaranteed Investment Fund (the "Fund") is a pooled fund which is reported on the financial statements at contract value, which approximates fair value, as determined by the Trustee. The average yields of the Fund for the years ended December 31, 1997 and 1996 were 6.53% and 6.73%, respectively. The crediting interest rate was 6.48% as of December 31, 1997 and 1996. This rate is determined periodically by the Trustee based on the Fund's holdings. As of December 31, 1997 and 1996, there were no valuation reserves needed within the Fund, however, it did hold a Guaranteed Investment Contract in rehabilitation (See Note 6). Plan Administration- Under a trust agreement dated October 1, 1983, United States Trust Company of New York was appointed Trustee of the Plan and administers the Plan's assets together with the income therefrom. In 1995, United States Trust Company of New York merged with Chase Manhattan Bank, N.A. (the "Trustee"). All expenses incurred for the Plan by the Trustee and the Company may be either paid by the Company or from the assets of the Plan. Substantially all expenses of the Plan were paid by the Company during 1997. Effective December 31, 1997, all assets of the Plan were transferred to The Vanguard Group pursuant to a trust agreement dated January 1, 1998. Accounting records maintained by the Trustee are on the accrual basis of accounting. Investment transactions are recorded on a trade date basis. The Plan had no assets not having a readily determinable market value as of December 31, 1997 and 1996. - 3 - Tax Status- The Internal Revenue Service issued a determination letter dated February 28, 1996 stating that the Plan and related trust were in accordance with applicable plan design requirements as of that date. The Plan administrator and the Plan's tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, they believe that the Plan was qualified and the related trust was tax-exempt as of the financial statement dates. (3) RELATED PARTY TRANSACTIONS: As of December 31, 1997 and 1996, the Plan holds 1,262,151 and 1,296,781 shares of C. R. Bard, Inc. common stock, respectively, with a market value of $39,286,361 at December 31, 1997 and $36,309,868 at December 31, 1996. During the year ended December 31, 1997, 176,112 shares of such common stock were acquired at a cost of $5,700,355; 187,937 shares were sold with an original cost basis of $4,667,281 and 22,805 shares were delivered to Plan participants with an original cost basis of $577,329. All of the Plan's investment funds purchase units of participation in the Chase Manhattan Bank Pooled Investment Trust For Employee Benefit Plans II (the "Investment Trust") with temporarily uninvested cash. Since the Trustee manages this Investment Trust, these transactions qualify as party-in-interest. As of December 31, 1997, all assets were transferred to the Vanguard Group and the Investment Trust is no longer used. (4) RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500: The following is a reconciliation of net assets applicable to participants' equity per the financial statements to the Form 5500: December 31, 1997 1996 Net assets applicable to participants' equity per the financial statements $127,385,888 $107,122,320 Amounts allocated to with- drawing participants 0 (1,935,247) Net assets applicable to participants' equity per the Form 5500 $127,385,888 $105,187,073 - 4 - (5) PLAN TERMINATION Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of Employee Retirement Income Security Act of 1974. In the event of plan termination, participants will become fully vested in their account balances. (6) FIXED INCOME OBLIGATIONS IN REHABILITATION Included in the Plan's assets is a Guaranteed Investment Contract from Confederation Life Insurance Co., which is in rehabilitation. It has been determined by the Trustee that the balance of $73,526 is collectable with payment expected in 1998. - 5 -
SCHEDULE I EMPLOYEES' RETIREMENT SAVINGS PLAN OF C. R. BARD, INC. EIN #22-1454160, PLAN #003 ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AS OF DECEMBER 31, 1997 (c)Description of investment (b) Identity of issue, including maturity date, borrower, lessor or rate of interest, collateral, (a) similar party par or maturity value (d) Cost BARD COMMON STOCK FUND * The Vanguard Group Units of participation in Bard $32,300,977 Common Stock Fund, 3,928,636 units, $10.00 per unit. GUARANTEED INVESTMENT FUND: Aegon USA ADA-00605FR, 6/11/99, 7.15% 643,381 Confederation Life Ins. GIC #62094, 7/31/98, 0.0% 73,526 Co. First Allmerica Financial GA #92125-B-1, 10/30/98, 6.53% 1,015,814 Life Insurance First Allmerica Financial GA #92125-B-2, 12/30/98, 6.53% 1,015,814 Life Insurance Hartford Life Ins. Co. GA #10311, 4/14/00, 7.61% 1,285,536 Life Ins. Co. of Virginia GS #2778A, 8/24/98, 6.4% 2,529,414 New York Life Ins. Co. GA #30213-1,3/31/98, 5.72% 1,310,546 New York Life Ins. Co. GA #30213-2, 3/1/99, 6.50% 952,502 New York Life Ins. Co. GA #30213-3, 4/30/99, 6.50% 952,502 (e) Current Value $39,286,361 643,381 73,526 1,015,814 1,015,814 1,285,536 2,529,414 1,310,546 952,502 952,502 SCHEDULE I (continued) (c) Description of investment (b) Identity of issue, including maturity date, borrower, lessor or rate of interest, collateral, (e) Current (a) similar party par or maturity value (d) Cost Value GUARANTEED INVESTMENT FUND: (continued) Ohio National Life GA #5576, 3/11/98, 5.74% 1,310,162 1,310,162 Ins. Co. Principal Mutual Life GA #4-2879-4, 3/22/00, 8.20% 630,088 630,088 Ins. Co. Protective Life Ins. Co. GA #1107, 12/9/99, 8.14% 1,270,869 1,270,869 Sun Life Assurance Co. of Canada (U.S.) GIC #S-0924-G, 2/14/00, 7.38% 1,265,974 1,265,974 Transamerica Occidental GIC #51378-00, 6/9/00, 6.70% 834,371 834,371 Life * The Vanguard Group Units of participation in Investment 7,171,838 7,171,838 Contracts Fund, 7,171,838 units, $1.00 per unit Total Guaranteed Investment Fund 22,262,337 22,262,337 SCHEDULE I (continued) (c) Description of investment (b) Identity of issue, including maturity date, borrower, lessor or rate of interest, collateral, (e) Current (a) similar party par or maturity value (d) Cost Value * VANGUARD INDEX TRUST-500 PORTFOLIO Units of participation in Vanguard 57,806,052 57,806,053 The Vanguard Group Index Trust-500 Portfolio, 641,790 units, $90.07 per unit. * VANGUARD MONEY MARKET RESERVES The Vanguard Group Units of participation in Vanguard Money Market Reserves-Prime Port- folio, 3,144,800 units, $1.00 per unit. $ 3,144,800 $ 3,144,800 * VANGUARD BOND INDEX FUND The Vanguard Group Units of participation in Vanguard Bond Index Fund-Total Bond Market, 339,437 units, $10.09 per unit. $ 3,424,922 $ 3,424,922 OTHER Participant loans With interest rates ranging from 7% to 10% and maturing through 2012 $ 2,080,005 $ 2,080,005 $121,019,094 $128,004,478
* Indicates related party. The accompanying notes to financial statements are an integral part of this schedule.
SCHEDULE II EMPLOYEES' RETIREMENT SAVINGS PLAN OF C. R. BARD, INC. EIN #22-1454160, PLAN #003 ITEM 27d-SCHEDULE OF REPORTABLE TRANSACTIONS (J) FOR THE YEAR ENDED DECEMBER 31, 1997 (b)Description of asset (include (a)Identity of maturity in case (c)Purchase (d)Selling (g)Cost of party involved of a loan) price price asset Chase Manhattan Purchase of units of $29,157,232 $ 0 $29,157,232 Bank, N.A. participation, Chase Manhattan Pooled Investment Trust for Employee Benefit Plans II. Chase Manhattan Sale of units of 0 29,157,232 29,157,232 Bank, N.A. participation, Chase Manhattan Pooled Investment Trust for Employee Benefit Plans II. C.R. Bard, Inc. Purchase of 5,700,355 0 5,700,355 C.R. Bard, Inc. common stock C.R. Bard, Inc. Sale of C.R. Bard, 0 6,083,071 4,667,281 Inc. common stock Vanguard Purchase of units 16,279,084 0 16,279,084 Quantitative of participation, Portfolios Inc. Common Stock Mutual Fund (h) Current Value of Asset on (i) Net transaction gain or date (loss) $29,157,232 $ 0 29,157,232 0 5,700,355 0 6,083,071 1,415,790 16,279,084 0
SCHEDULE II EMPLOYEES' RETIREMENT SAVINGS PLAN OF C. R. BARD, INC. EIN #22-1454160, PLAN #003 ITEM 27d-SCHEDULE OF REPORTABLE TRANSACTIONS (J) FOR THE YEAR ENDED DECEMBER 31, 1997 (continued) (b)Description (h) Current (Include interest) value of rate and maturity) asset on (I)Net (a)Identity of in case of a loan) (c)Purchase (d)Selling (g)Cost of transaction gain or party involved of asset price price asset date (loss) Vanguard Sale of units of Quantitative participation, Porfolios Inc. Common Stock Mutual Fund 0 64,276,136 61,669,292 64,276,136 2,606,844 Vanguard Group Purchase of units of participation, Vanguard Index Trust-500 Portfolio 57,806,053 0 57,806,053 57,806,053 0 (J) Reportable transactions are those purchases and sales of the same security which, individually or in the aggregate, exceed 5% of Plan assets at January 1, 1997. The accompanying notes to financial statements are an integral part of this schedule.
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