Paul Ziegler Jr - Jun 11, 2021 Form 3 Insider Report for ViewRay, Inc. (VRAYQ)

Role
Chief Commercial Officer
Signature
/s/ Robert McCormack, Attorney-in-Fact
Stock symbol
VRAYQ
Transactions as of
Jun 11, 2021
Transactions value $
$0
Form type
3
Date filed
6/15/2021, 04:38 PM
Next filing
Jun 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VRAYQ Common Stock 238K Jun 11, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VRAYQ Stock Option (right to buy) Jun 11, 2021 Common Stock 55K $7.03 Direct F2
holding VRAYQ Stock Option (right to buy) Jun 11, 2021 Common Stock 24K $8.47 Direct F3
holding VRAYQ Performance Units Jun 11, 2021 Common Stock 49.5K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 237,580 shares of Restricted Stock Units (RSUs). The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date. Mr. Ziegler has been granted the following: 10/24/2019 30,000 shares, 3/2/2020 124,113 shares, and 3/1/2021 100,590 shares. As of 6/11/2021, 34,248 shares of the RSUs are sellable.
F2 25% of the shares subject to the option shall vest and become exercisable on the first anniversary after January 2, 2019 (the "Grant Date") and 1/36th of the shares shall vest and become exercisable each month after the first anniversary, January 2, 2020, such that 100% of the shares subject to the option will be vested on the fourth anniversary of the Grant Date, subject to the reporting person remaining a service provider through each vesting date.
F3 1/48th of the shares subject to the option shall vest and become exercisable on each month after March 1, 2019 (the "Grant Date"), such that 100% of the shares subject to the option will be vested on the fourth anniversary of the Grant Date, subject to the reporting person remaining a service provider through each such vesting date.
F4 These performance share awards were issued at a 100% target and have a 3-year vest period and will vest in all or in part upon achievement of performance metrics. Any awards that have not been vested and released at the end of the 3-year period will be cancelled.