SEC Form 4 · accession 0001681622-19-000035
Varex Imaging Corp · VREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sunny Sanyal
Officer — President and CEO · Director
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 7:56 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, 2019 | M | 2,756 | — | A | 33,511 | D | |
| Common StockF1 | Feb 15, 2019 | M | 9,363 | — | A | 42,874 | D | |
| Common StockF1 | Feb 15, 2019 | M | 7,091 | — | A | 49,965 | D | |
| Common StockF2 | Feb 15, 2019 | F | 8,566 | $31.42 | D | 41,399 | 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, 2019 | M | 2,756 | D | — | — | Common Stock | 2,756 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 15, 2019 | M | 9,363 | D | — | — | Common Stock | 9,363 | 18,726 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 15, 2019 | M | 7,091 | D | — | — | Common Stock | 7,091 | 21,276 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 15, 2019 | A | 33,496 | A | — | — | Common Stock | 33,496 | 33,496 | D |
| Non-Qualified Stock Option (right to buy)F7 | $31.42 | Feb 15, 2019 | A | 103,282 | A | — | Feb 15, 2026 | Common Stock | 103,282 | 103,282 | 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 in three equal annual installments with the first vesting date being February 15, 2017. Vested shares will be delivered to the reporting person upon vest date.
- F4These Restricted Stock Units vest 25% each year for four years with the first vesting date being February 15, 2018. Vested shares will be delivered to the reporting person upon vest date.
- F5The Restricted Stock Units granted on February 15, 2018 vest 25% each year for four years beginning on February 15, 2019. Vested shares will be delivered to the reporting person upon vest date.
- F6The Restricted Stock Units granted on February 15, 2019 vest 25% each year for four years beginning on February 15, 2020. 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 options vests one year from grant date, and the remaining options vests monthly thereafter on a pro rata basis.