SEC Form 4 · accession 0001127602-16-062569
VARIAN MEDICAL SYSTEMS INC · VAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Kuo
Officer — SVP, Gen Counsel and Secretary
Period of report
Sep 15, 2016
Accepted (ET)
Sep 15, 2016 · 6:42 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 | Sep 15, 2016 | M | 4,073 | $68.84 | A | 28,100 | D | |
| Common StockF2 | Sep 15, 2016 | S | 1,503 | $94.8637 | D | 26,597 | D | |
| Common StockF3,F4 | Sep 15, 2016 | S | 2,570 | $95.8287 | D | 24,027 | 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)F5 | $68.84 | Sep 15, 2016 | M | 4,073 | D | — | Nov 9, 2019 | Common Stock | 4,073 | 0 | D |
Explanation of responses
- F1This transaction is pursuant to the filer's SEC Rule10b5-1 Stock Plan
- F2The 1,503 shares were sold in multiple transactions executed on the same day at prices ranging from $94.56 to $95.34. The detailed breakdown of executed sales will be furnished upon request.
- F3The 2,570 shares were sold in multiple transactions executed on the same day at prices ranging from $95.49 to $96.30. The detailed breakdown of executed sales will be furnished upon request.
- F4Amount of securities beneficially owned at the end of the reporting period reflect 317 shares purchased on April 29, 2016 under the Varian Medical Systems, Inc. Employee Stock Purchase Plan.
- F5Stock option granted under the Varian Medical Systems, Inc. Third Amended and Restated 2005 Omnibus Stock Plan, which complies with Rule 16b-3. The option vests as follows: one third on 11/09/2013, and the remaining shares in 24 equal installments over the 24 months following the first vesting date.