Walter M. Rosebrough Jr - Feb 10, 2022 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role: Director
Signature: /s/ Kimberly Honeysett attorney-in-fact
Stock symbol: VREX
Transactions as of: Feb 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/15/2022, 03:47 PM
Next filing: Feb 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VREX	Common Stock	Options Exercise		+5.1K	+28.96%		22.7K	Feb 14, 2022	Direct	F1, F2

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	+6.57K		$0.00	6.57K	Feb 10, 2022	Common Stock	6.57K		Direct	F1, F3
transaction	VREX	Deferred Stock Units	Options Exercise	$0	-5.1K	-100%	$0.00^*	0	Feb 14, 2022	Common Stock	5.1K		Direct	F1, F4

* 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	14,000 of these Common Shares are held by the Reporting Person as Trustee of a revocable trust established for his benefit.
F3	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.
F4	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.