SEC Form 4 · accession 0001127602-18-026862
VARIAN MEDICAL SYSTEMS INC · VAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Magnus Momsen
Officer — SVP, CAO, Corporate Controller
Period of report
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 2:02 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 StockF2 | Sep 4, 2018 | M | 2,800 | $60.91 | A | 3,424 | D | |
| Common StockF3,F2 | Sep 4, 2018 | S | 2,800 | $111.6772 | D | 624 | 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 | $60.91 | Sep 4, 2018 | M | 2,800 | D | Nov 9, 2015 | Nov 9, 2019 | Common Stock | 2,800 | 1,257 | D |
Explanation of responses
- F1This transaction is pursuant to the filer's SEC Rule10b5-1 Stock Plan
- F2Amount of securities beneficially owned at end of reporting period reflect 178 shares purchased on April 29, 2018 under the Varian Medical Systems, Inc. Employee Stock Purchase Plan and 6,142 shares transferred pursuant to divorce settlement agreement.
- F3The 2,800 shares were sold in multiple transactions executed on the same day at prices ranging from $111.33 to $112.30. 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 11/09/2013, and the remaining shares in 24 equal installments over the 24 months following the first vesting date.