SEC Form 4 · accession 0001681622-19-000037
Varex Imaging Corp · VREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian W Giambattista
Officer — SVP and GM, X-ray Detectors
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 7:57 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 | 1,202 | — | A | 1,202 | D | |
| Common StockF2 | Feb 15, 2019 | F | 492 | $31.42 | D | 710 | D | |
| Common StockF3 | Feb 19, 2019 | S | 710 | $31.53 | D | 0 | 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,F4 | — | Feb 15, 2019 | M | 1,202 | D | — | — | Common Stock | 1,202 | 3,609 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 15, 2019 | A | 5,680 | A | — | — | Common Stock | 5,680 | 5,680 | D |
| Non-Qualified Stock Option (right to buy)F6 | $31.42 | Feb 15, 2019 | A | 17,516 | A | — | Feb 15, 2026 | Common Stock | 17,516 | 17,516 | 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.
- F3The sales reported in this Form 4 were effected pursuant to a 10b5-1 plan adopted by the reporting person on May 31, 2018. These shares were sold at prices ranging from $31.48 to $31.69
- F4The 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.
- F5The 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.
- F6This 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.