SEC Form 4 · accession 0001127602-17-023587
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
Jul 12, 2017
Accepted (ET)
Jul 13, 2017 · 8:08 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 | Jul 12, 2017 | M | 863 | $67.12 | A | 28,224 | D | |
| Common StockF2 | Jul 12, 2017 | S | 863 | $104.48 | D | 27,361 | D | |
| Common Stock | Jul 13, 2017 | M | 734 | $81.97 | A | 27,361 | D | |
| Common Stock | Jul 13, 2017 | S | 100 | $103.80 | D | 27,261 | D | |
| Common StockF3 | Jul 13, 2017 | S | 634 | $104.4704 | D | 27,361 | 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)F4 | $67.12 | Jul 12, 2017 | M | 863 | D | — | Feb 12, 2023 | Common Stock | 863 | 16,394 | D |
| Non Qualified Stock Option (Right to Buy)F5 | $81.97 | Jul 13, 2017 | M | 734 | D | — | Feb 13, 2022 | Common Stock | 734 | 5,145 | D |
Explanation of responses
- F1This transaction is pursuant to the filer's SEC Rule10b5-1 Stock Plan
- F2The 863 shares were sold in multiple transactions executed on the same day at prices ranging from $104.35 to $104.61. The detailed breakdown of executed sales will be furnished upon request.
- F3The 634 shares were sold in multiple transactions executed on the same day at prices ranging from $104.16 to $104.83. The detailed breakdown of executed sales will be furnished upon request.
- F4Stock 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 2/12/2017, and the remaining shares in 24 equal installments over the 24 months following the first vesting date.
- 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 2/13/2016, and the remaining shares in 24 equal installments over the 24 months following the first vesting date.