SEC Form 4 · accession 0001127602-16-060940
VARIAN MEDICAL SYSTEMS INC · VAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Venkatraman Thyagarajan
Director
Period of report
Aug 22, 2016
Accepted (ET)
Aug 23, 2016 · 4:16 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 | Aug 22, 2016 | M | 1,912 | $0.00 | A | 9,062 | D | |
| Common Stock | Aug 22, 2016 | M | 1,727 | $0.00 | A | 10,789 | D | |
| Common Stock | Aug 22, 2016 | M | 2,109 | $0.00 | A | 12,898 | D | |
| Common StockF1 | Aug 22, 2016 | F | 712 | $95.22 | D | 12,186 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF2,F3 | — | Aug 22, 2016 | M | 1,912 | D | — | — | Common Stock | 1,912 | 3,836 | D |
| Deferred Stock UnitsF2,F4 | — | Aug 22, 2016 | M | 1,727 | D | — | — | Common Stock | 1,727 | 2,109 | D |
| Deferred Stock UnitsF2,F5 | — | Aug 22, 2016 | M | 2,109 | D | — | — | Common Stock | 2,109 | 0 | D |
Explanation of responses
- F1Represents shares withheld from settlement of deferred stock units for the payment of federal taxes due on settlement.
- F2Each Deferred Stock Unit represents the right to receive one share of VAR common stock.
- F3The Deferred Stock Units vest in four equal quarterly installments over a 12 month period beginning February 21, 2014. Vested shares will be delivered to the reporting person the earlier of three years from the grant date, or termination/retirement date.
- F4The Deferred Stock Units vest in four equal quarterly installments over a 12 month period beginning February 13, 2015. Vested shares will be delivered to the reporting person the earlier of three years from the grant date, or termination/retirement date.
- F5The Deferred Stock Units vest in four equal quarterly installments over a 12 month period beginning February 12, 2016. Vested shares will be delivered to the reporting person the earlier of three years from the grant date, or termination/retirement date.