SEC Form 4 · accession 0001127602-18-006849

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

Feb 15, 2018

Accepted (ET)

Feb 16, 2018 · 7:14 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
Common Stock	Feb 15, 2018	M	863	$67.12	A	28,224	D
Common Stock^F2	Feb 15, 2018	S	600	$120.3033	D	27,624	D
Common Stock^F3	Feb 15, 2018	S	263	$121.1244	D	27,361	D
Common Stock	Feb 15, 2018	M	5,579	$80.40	A	32,940	D
Common Stock^F4	Feb 15, 2018	S	3,000	$120.2677	D	29,940	D
Common Stock^F5	Feb 15, 2018	S	2,579	$121.1719	D	27,361	D
Common Stock^F6	Feb 15, 2018	M	1,762	—	A	29,123	D
Common Stock^F6	Feb 15, 2018	M	1,066	—	A	30,189	D
Common Stock^F6	Feb 15, 2018	M	1,119	—	A	31,308	D
Common Stock^F7	Feb 15, 2018	F	1,463	$121.87	D	29,845	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)^F8	$67.12	Feb 15, 2018	M	863	D	—	Feb 12, 2023	Common Stock	863	10,354	D
Non Qualified Stock Option (Right to Buy)^F9	$80.40	Feb 15, 2018	M	5,579	D	—	Feb 10, 2024	Common Stock	5,579	11,160	D
Restricted Stock Units^F6,F10	—	Feb 15, 2018	M	1,762	D	—	—	Common Stock	1,762	7,884	D
Restricted Stock Units^F6,F11	—	Feb 15, 2018	M	1,066	D	—	—	Common Stock	1,066	6,818	D
Restricted Stock Units^F6,F12	—	Feb 15, 2018	M	1,119	D	—	—	Common Stock	1,119	5,699	D

Explanation of responses

F1This transaction is pursuant to the filer's SEC Rule10b5-1 Stock Plan
F10The 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.
F11The 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.
F12The restricted stock units vest in three equal installments on February 15, 2018, February 15, 2019, and February 15, 2020. Vested shares will be delivered to the reporting person on vest date.
F2The 600 shares were sold in multiple transactions executed on the same day at prices ranging from $119.97 to $120.91. The detailed breakdown of executed sales will be furnished upon request.
F3The 263 shares were sold in multiple transactions executed on the same day at prices ranging from $121.05 to $121.17. The detailed breakdown of executed sales will be furnished upon request.
F4The 3,000 shares were sold in multiple transactions executed on the same day at prices ranging from $119.77 to $120.73. The detailed breakdown of executed sales will be furnished upon request.
F5The 2,579 shares were sold in multiple transactions executed on the same day at prices ranging from $120.82 to $121.49. The detailed breakdown of executed sales will be furnished upon request.
F6Each restricted stock unit represents a contingent right to receive one share of VAR common stock.
F7Represents shares withheld from vested restricted stock units for the payment of federal, state and payroll taxes due on vesting.
F8Stock 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.
F9Stock option granted under the Varian Medical Systems, Inc. Fourth Amended and Restated 2005 Omnibus Stock Plan which complies with Rule 16b-3. The option vests as follows: one third on 2/10/2018, and the remaining shares in 24 equal installments over the 24 months following the first vesting date.