SEC Form 4 · accession 0001214659-17-001254
Varex Imaging Corp · VREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Clarence R Verhoef
Officer — SVP & Chief Financial Officer
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 8:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001681622
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 15, 2017 | M | 1,601 | — | A | 1,601 | D | |
| Common StockF1 | Feb 15, 2017 | M | 1,809 | — | A | 3,410 | D | |
| Common StockF1 | Feb 15, 2017 | M | 2,870 | — | A | 6,280 | D | |
| Common StockF2 | Feb 15, 2017 | F | 2,162 | $29.93 | D | 4,118 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Feb 15, 2017 | M | 1,601 | D | — | — | Common Stock | 1,601 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 15, 2017 | M | 1,809 | D | — | — | Common Stock | 1,809 | 1,809 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 15, 2017 | M | 2,870 | D | — | — | Common Stock | 1,601 | 5,741 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 16, 2017 | A | 9,653 | A | — | — | Common Stock | 9,653 | 17,203 | D |
| Non-Qualified Stock Option (right to buy)F7 | $31.08 | Feb 16, 2017 | A | 102,197 | A | — | Feb 16, 2024 | Common Stock | 102,197 | 102,197 | D |
| Non-Qualified Stock Option (right to buy)F8 | $31.08 | Feb 16, 2017 | A | 13,668 | A | — | Feb 16, 2024 | Common Stock | 13,668 | 13,668 | D |
| Non-Qualified Stock Option (right to buy)F9 | $31.08 | Feb 16, 2017 | A | 4,206 | A | — | Feb 16, 2024 | Common Stock | 4,206 | 4,206 | D |
Explanation of responses
- F1Each Restricted Stock Unit converts into common stock on a one-for-one basis.
- F2These shares represent shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the Restricted Stock Units reported herein.
- F3These Restricted Stock Units vest February 15, 2017. Vested shares will be delivered to the reporting person upon vest date.
- F4These Restricted Stock Units vest in two equal annual installments beginning February 15, 2017. Vested shares will be delivered to the reporting person upon vest date.
- F5These Restricted Stock Units vest in three equal annual installments beginning February 15, 2017. Vested shares will be delivered to the reporting person upon vest date.
- F6The Restricted Stock Units granted on February 16, 2017 vest 25% each year for four years beginning on February 15, 2018. Vested shares will be delivered to the reporting person upon vest date.
- F7This Non-Qualified Stock Option is subject to a four-year vesting schedule. 25% of the total number of shares vests one year from grant date, and the remaining 75% vests monthly thereafter.
- F8This Non-Qualified Stock Option is subject to a two-year cliff from February 15, 2017.
- F9This Non-Qualified Stock Option is subject to an one-year cliff from February 15, 2017.