Mark S. Jonaitis - 15 Feb 2022 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role: SVP and GM, X-Ray Sources
Signature: /s/ Mark S. Jonaitis
Issuer symbol: VREX
Transactions as of: 15 Feb 2022
Net transactions value: -$81,863
Form type: 4
Filing time: 17 Feb 2022, 16:04:09 UTC
Previous filing: 14 Dec 2021
Next filing: 13 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VREX	Common Stock	Options Exercise		+1,147	+2.5%		46,707	15 Feb 2022	Direct	F1, F2
transaction	VREX	Common Stock	Options Exercise		+1,354	+2.9%		48,061	15 Feb 2022	Direct	F1
transaction	VREX	Common Stock	Options Exercise		+4,890	+10%		52,951	15 Feb 2022	Direct	F1
transaction	VREX	Common Stock	Tax liability	$81,863	-3,488	-6.6%	$23.47	49,463	15 Feb 2022	Direct	F3

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	Restricted Stock Units	Options Exercise	$0	-1,147	-100%	$0.000000^*	0	15 Feb 2022	Common Stock	1,147		Direct	F1, F4
transaction	VREX	Restricted Stock Units	Options Exercise	$0	-1,354	-50%	$0.000000	1,354	15 Feb 2022	Common Stock	1,354		Direct	F1, F5
transaction	VREX	Restricted Stock Units	Options Exercise	$0	-4,890	-50%	$0.000000	4,890	15 Feb 2022	Common Stock	4,890		Direct	F1, F6

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit converts into common stock on a one-for-one basis.
F2	Amount of securities beneficially owned at end of reporting period reflect 2,185 shares purchased under the Varex Imaging Corporation 2017 Employee Stock Purchase Plan.
F3	These shares represent shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the Restricted Stock Units reported herein.
F4	The Restricted Stock Units granted on February 15, 2018 vest 25% each year for four years beginning on February 15, 2019. Vested shares will be delivered to the reporting person upon vest date.
F5	The Restricted Stock Units granted on February 15, 2019 vest 25% each year for four years beginning on February 15, 2020. Vested shares will be delivered to the reporting person upon vest date.
F6	The Restricted Stock Units granted on February 18, 2020 vest 50% on February 15, 2022 and 50% on February 15, 2024. Vested shares will be delivered to the reporting person upon vest date.