SEC Form 4 · accession 0001127602-18-028087
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 17, 2018
Accepted (ET)
Sep 19, 2018 · 6:43 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 17, 2018 | M | 465 | $80.40 | A | 30,551 | D | |
| Common StockF2 | Sep 17, 2018 | S | 465 | $111.0132 | D | 30,086 | D | |
| Common Stock | Sep 17, 2018 | M | 862 | $67.12 | A | 30,948 | D | |
| Common StockF3 | Sep 17, 2018 | S | 862 | $110.8423 | D | 30,086 | 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 | $80.40 | Sep 17, 2018 | M | 465 | D | — | Feb 10, 2024 | Common Stock | 465 | 7,905 | D |
| Non Qualified Stock Option (Right to Buy)F5 | $67.12 | Sep 17, 2018 | M | 862 | D | — | Feb 12, 2023 | Common Stock | 862 | 4,316 | D |
Explanation of responses
- F1This transaction is pursuant to the filer's SEC Rule10b5-1 Stock Plan.
- F2The 465 shares were sold in multiple transactions executed on the same day at prices ranging from $110.71to $111.28. The detailed breakdown of executed sales will be furnished upon request
- F3The 862 shares were sold in multiple transactions executed on the same day at prices ranging from $110.34 to $111.24. The detailed breakdown of executed sales will be furnished upon request
- F4Stock 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.
- 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 2/12/2017, and the remaining shares in 24 equal installments over the 24 months following the first vesting date.