SEC Form 4 · accession 0001127602-19-003130
VARIAN MEDICAL SYSTEMS INC · VAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kolleen T Kennedy
Officer — EVP and Pres. Oncology Sys.
Period of report
Jan 28, 2019
Accepted (ET)
Jan 30, 2019 · 8:00 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 Stock | Jan 28, 2019 | M | 7,900 | $67.12 | A | 34,798 | D | |
| Common StockF2 | Jan 28, 2019 | S | 7,900 | $129.8875 | D | 26,898 | D | |
| Common Stock | Jan 28, 2019 | M | 5,155 | $67.12 | A | 32,053 | D | |
| Common StockF3 | Jan 28, 2019 | S | 5,155 | $130.5622 | D | 26,898 | D | |
| Common Stock | Jan 28, 2019 | M | 5,593 | $80.40 | A | 32,491 | D | |
| Common StockF4 | Jan 28, 2019 | S | 5,593 | $131.0877 | D | 26,898 | D | |
| Common Stock | Jan 28, 2019 | M | 932 | $81.97 | A | 27,830 | D | |
| Common StockF6 | Jan 28, 2019 | S | 932 | $131.3401 | D | 26,898 | 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)F7 | $67.12 | Jan 28, 2019 | M | 7,900 | D | — | Feb 12, 2023 | Common Stock | 7,900 | 6,243 | D |
| Non Qualified Stock Option (Right to Buy)F7 | $67.12 | Jan 28, 2019 | M | 5,155 | D | — | Feb 12, 2023 | Common Stock | 5,155 | 1,088 | D |
| Non Qualified Stock Option (Right to Buy)F8 | $80.40 | Jan 28, 2019 | M | 5,593 | D | — | Feb 10, 2024 | Common Stock | 5,593 | 9,090 | D |
| Non Qualified Stock Option (Right to Buy)F9 | $81.97 | Jan 28, 2019 | M | 932 | D | — | Feb 13, 2022 | Common Stock | 932 | 0 | D |
Explanation of responses
- F1This transaction is pursuant to the filer's SEC Rule10b5-1 Stock Plan
- F2The 7,900 shares were sold in multiple transactions executed on the same day at prices ranging from $129.37 to $130.36. The detailed breakdown of executed sales will be furnished upon request.
- F3The 5,155 shares were sold in multiple transactions executed on the same day at prices ranging from $130.38 to $130.8950. The detailed breakdown of executed sales will be furnished upon request.
- F4The 5,593 shares were sold in multiple transactions executed on the same day at prices ranging from $130.895 to $131.28. The detailed breakdown of executed sales will be furnished upon request.
- F5Each restricted stock unit represents a contingent right to receive one share of VAR common stock.
- F6The 932 shares were sold in multiple transactions executed on the same day at prices ranging from $131.28 to $131.41. The detailed breakdown of executed sales will be furnished upon request.
- F7Stock 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.
- F8Stock 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.
- F9Stock 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.