SEC Form 4 · accession 0001127602-19-005383
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
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 4:41 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 | Feb 8, 2019 | M | 6,088 | $112.82 | A | 32,986 | D | |
| Common StockF2 | Feb 8, 2019 | S | 6,088 | $130.0633 | D | 26,898 | D | |
| Common Stock | Feb 8, 2019 | M | 429 | $112.82 | A | 27,327 | D | |
| Common StockF3 | Feb 8, 2019 | S | 429 | $130.5917 | 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)F4 | $112.82 | Feb 8, 2019 | M | 6,088 | D | — | Feb 8, 2025 | Common Stock | 6,088 | 13,465 | D |
| Non Qualified Stock Option (Right to Buy)F4 | $112.82 | Feb 8, 2019 | M | 429 | D | — | Feb 8, 2025 | Common Stock | 429 | 13,036 | D |
Explanation of responses
- F1This transaction is pursuant to the filer's SEC Rule10b5-1 Stock Plan
- F2The 6,088 shares were sold in multiple transactions executed on the same day at prices ranging from $129.54 to $130.53. The detailed breakdown of executed sales will be furnished upon request.
- F3The 429 shares were sold in multiple transactions executed on the same day at prices ranging from $130.57 to $130.65. The detailed breakdown of executed sales will be furnished upon request.
- F4Stock option granted under the Varian Medical Systems, Inc. Fifth Amended and Restated 2005 Omnibus Stock Plan which complies with Rule 16b-3. The option vests as follows: one third on February 8, 2019, and the remaining shares in 24 equal installments over the 24 months following the first vesting date.