SEC Form 4 · accession 0001127602-17-006735
VARIAN MEDICAL SYSTEMS INC · VAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elisha W Finney
Officer — Exec VP and CFO
Period of report
Feb 15, 2017
Accepted (ET)
Feb 16, 2017 · 8:40 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 StockF1 | Feb 15, 2017 | M | 2,401 | — | A | 9,037 | D | |
| Common StockF1 | Feb 15, 2017 | M | 2,033 | — | A | 11,070 | D | |
| Common StockF1 | Feb 15, 2017 | M | 1,192 | — | A | 12,262 | D | |
| Common StockF2 | Feb 15, 2017 | F | 2,002 | $81.12 | D | 10,260 | D | |
| Common Stock | holding | — | — | — | 22,126 | I | By Trust |
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,F3 | — | Feb 15, 2017 | M | 2,401 | D | — | — | Common Stock | 2,401 | 7,643 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 15, 2017 | M | 2,033 | D | — | — | Common Stock | 2,033 | 5,610 | D |
| Restricted Stock UnitsF1,F6,F5 | — | Feb 15, 2017 | M | 1,192 | D | — | — | Common Stock | 1,192 | 4,418 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of VAR common stock.
- F2Represents shares withheld from vested restricted stock units for the payment of federal, state and payroll taxes due on vesting.
- F3The restricted stock units vest in three equal installments on February 15, 2015, February 15, 2016, and February 15, 2017. Vested shares will be delivered to the reporting person on vest date.
- F4The restricted stock units vest in three equal installments on February 15, 2016, February 15, 2017, and February 15, 2018. Vested shares will be delivered to the reporting person on vest date.
- F5The restricted stock units vest in three equal installments on February 15, 2017, February 15, 2018, and February 15, 2019. Vested shares will be delivered to the reporting person on vest date.
- F6Includes restricted stock units that were adjusted pursuant to the Employee Matters Agreement between Varian Medical Systems, Inc. ("Varian") and Varex Imaging Corporation ("Varex") relating to the January 28, 2017 distribution by Varian to its stockholders of all of the outstanding shares of the common stock of Varex. Restricted stock units that were outstanding at the time of the distribution were adjusted by multiplying the number of shares subject thereto by 1.1303 and rounding to the nearest whole share.