Ruediger Naumann-Etienne - 10 Feb 2022 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role: Director
Signature: /s/ Kimberley Honeysett attorney-in-fact
Issuer symbol: VREX
Transactions as of: 10 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Feb 2022, 18:17:11 UTC
Next filing: 08 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VREX	Common Shares	Options Exercise		+7,010	+29%		31,582	14 Feb 2022	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
transaction	VREX	Deferred Stock Units	Award	$0	+9,038		$0.000000	9,038	10 Feb 2022	Common Stock	9,038		Direct	F1, F2
transaction	VREX	Deferred Stock Units	Options Exercise	$0	-7,010	-100%	$0.000000^*	0	14 Feb 2022	Common Shares	7,010		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Deferred Stock Unit converts into common stock on a one-for-one basis.
F2	These Deferred Stock Units vest 100% on the earlier of (i) the one-year anniversary of the date of the grant and (ii) the date of the first annual meeting following the date of grant. Vested shares will be delivered to the reporting person upon the earlier of (i) 2025 Annual Meeting (ii) a change in control or (iii) the reporting person's termination of service for any reason.
F3	These Deferred Stock Units vested on February 14, 2020. Pursuant to the terms of the applicable grant agreement, delivery of the vested Deferred Stock Units, in the form of common stock, was made on February 14, 2022.