1. Name and Address of Reporting Person
Panzarella, Angela J.
One Bausch & Lomb Place
Rochester, NY 14604-
2. Issuer Name and Ticker or Trading Symbol
Bausch & Lomb Incorporated (BOL)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
2/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
Vice President
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
+---------------------------------+----------+-------------+-----------------------------+----------------+-----------+------------+
|1. Title of Security |2. Trans- |3. Trans- |4. Securities Acquired (A) |5. Amount of |6. Owner- |7. Nature |
| | action | action | or Disposed of (D) | Securities | ship | of In- |
| | Date | Code | | Beneficially | Form: | direct |
| | | | | Owned at | Direct | Bene- |
| | (Month/ | | | End of | (D) or | ficial |
| | Day/ +-------+-----+-----------+------+----------+ Month | Indirect| Owner- |
| | Year) |Code |V |Amount |A/D |Price | | (I) | ship |
+---------------------------------+----------+-------+-----+-----------+------+----------+----------------+-----------+------------+
Common Stock 02/26/2003 J 224 A $30.4200 4040 D
Common Stock 70 I By 401(k)
Plan
Class B Stock 02/25/2003 J -833 D $0.0000 D
Class B Stock 02/26/2003 F -126 D $30.4200 D
Class B Stock 02/26/2003 J -224 D $30.4200 10541 D
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+-------------+--------+----------+---------+-----------+---------------------+----------------+----------+--------+-------+-------+
|1. |2. |3. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | |Number |Owner- | |
| | | | | | | | |of |ship | |
| | | | | | | | |Deriv- |Form of| |
| | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | |of Underlying | |Secur- |ative |Nature |
| |Conver- | | |Number of | |Securities | |ities |Secur- |of |
| |sion or | | |Derivative |Date Exercisable +-------+--------+ |Benefi- |ity: |In- |
| |Exercise| | |Securities |and Expiration Date | |Amount | |cially |Direct |direct |
| |Price of|Transac- |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |tion Date |tion Code|Disposed(D)+----------+----------+ |Number |Price of |at End |In- |ficial |
|Derivative |ative |(Month/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative|of |direct |Owner- |
|Security |Security|Day/Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security |Month |(I) |ship |
+-------------+--------+----------+------+--+-----+-----+----------+----------+-------+--------+----------+--------+-------+-------+
Phantom Stock $0 02/25/2003 J 833 Common 833 $0.0000 I LTI
Stock Deferred
Compensa
tion
Plan
Phantom Stock $0 02/25/2003 A 17 Common 17 $0.0000 2682 I LTI
Stock Deferred
Compensa
tion
Plan
Non-Qualified $29.845 02/25/2003 A 17500 02/25/2004 02/25/2013 Class B 17500 $29.8450 17500 D
Stock Options Stock
Explanation of Responses:
Exchange of Class B stock for an equal amount of Common stock, as a result of a
restricted stock vesting.
Exchange of Class B stock for an equal amount of Phantom stock units deposited
into the reporting person's deferred compensation account on a 1-for-1 basis as
a result of a restricted stock vesting.
1 - for - 1 conversion.
The reported phantom stock units were acquired under the Company's Deferred
Compensation Plan and will be settled upon the reporting person's payout
election.
The option vests annually in three equal installments from the date of grant.
SIGNATURE OF REPORTING PERSON
/s/ Jean F. Geisel, pusuant to
power of attorney for Angela J. Panzarella
DATE
02/27/2003