SEC Form 4 · accession 0001127602-15-005586
VARIAN MEDICAL SYSTEMS INC · VAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark R Laret
Director
Period of report
Feb 10, 2015
Accepted (ET)
Feb 11, 2015 · 8:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000203527
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 10, 2015 | M | 5,000 | $37.17 | A | 5,000 | D | |
| Common Stock | Feb 10, 2015 | M | 5,000 | $47.58 | A | 10,000 | D | |
| Common StockF1 | Feb 10, 2015 | S | 10,000 | $92.3156 | D | 0 | D | |
| Common Stock | Feb 10, 2015 | M | 1,545 | $0.00 | A | 1,545 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock Option (Right to Buy)F2 | $37.17 | Feb 10, 2015 | M | 5,000 | D | Feb 13, 2009 | Feb 13, 2016 | Common Stock | 5,000 | 0 | D |
| Non Qualified Stock Option (Right to Buy)F3 | $47.58 | Feb 10, 2015 | M | 5,000 | D | Feb 12, 2010 | Feb 12, 2017 | Common Stock | 5,000 | 0 | D |
| Deferred Stock UnitsF4,F5 | — | Feb 10, 2015 | M | 1,545 | D | — | — | Common Stock | 1,545 | 3,340 | D |
Explanation of responses
- F1The 10,000 shares were sold in multiple transactions executed on the same day at prices ranging from $92.27 to $92.44. The detailed breakdown of executed sales will be furnished upon request.
- F2Stock option granted under the Varian Medical Systems, Inc. Third Amended and Restated 2005 Omnibus Stock Plan, which complies with Rule 16b-3.
- F3Stock option granted under the Varian Medical Systems, Inc. Amended and Restated 2005 Omnibus Stock Plan, which complies with Rule 16b-3.
- F4Each Deferred Stock Unit represents the right to receive one share of VAR common stock.
- F5The Deferred Stock Units vest in four equal quarterly installments over a 12 month period beginning February 10, 2012. Vested shares will be delivered to the reporting person the earlier of three years from the grant date, or termination/retirement date.