SEC Form 4 · accession 0001127602-16-047452
VARIAN MEDICAL SYSTEMS INC · VAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dow R Wilson
Officer — President and CEO · Director
Period of report
Mar 23, 2016
Accepted (ET)
Mar 24, 2016 · 3:56 pm EDT
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 | Mar 23, 2016 | M | 53,000 | $50.66 | A | 105,931 | D | |
| Common StockF2 | Mar 23, 2016 | S | 45,650 | $78.8602 | D | 60,281 | 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)F3 | $50.66 | Mar 23, 2016 | M | 53,000 | D | — | Nov 21, 2016 | Common Stock | 53,000 | 0 | D |
Explanation of responses
- F1This transaction is pursuant to the filer's SEC Rule10b5-1 Stock Plan
- F2The 45,650 shares were sold in multiple transactions executed on the same day at prices ranging from $78.61 to $79.40. The detailed breakdown of executed sales will be furnished upon request.
- F3Stock option granted under the Varian Medical Systems, Inc. Omnibus Stock Plan, which complies with Rule 16b-3. The option vests as follows: one third on 11/21/07, and the remaining shares in 24 equal installments over the 24 months following the first vesting date.