Sunny Sanyal - 15 Feb 2022 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role
President and CEO, Director
Signature
/s/ Sunny Sanyal
Issuer symbol
VREX
Transactions as of
15 Feb 2022
Net transactions value
-$477,920
Form type
4
Filing time
17 Feb 2022, 16:04:44 UTC
Previous filing
30 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 +7,092 +9.6% 80,718 15 Feb 2022 Direct F1
transaction VREX Common Stock Options Exercise +8,374 +10% 89,092 15 Feb 2022 Direct F1
transaction VREX Common Stock Options Exercise +30,223 +34% 119,315 15 Feb 2022 Direct F1
transaction VREX Common Stock Tax liability $477,920 -20,363 -17% $23.47 98,952 15 Feb 2022 Direct 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 Restricted Stock Units Options Exercise $0 -7,092 -100% $0.000000* 0 15 Feb 2022 Common Stock 7,092 Direct F1, F3
transaction VREX Restricted Stock Units Options Exercise $0 -8,374 -50% $0.000000 8,374 15 Feb 2022 Common Stock 8,374 Direct F1, F4
transaction VREX Restricted Stock Units Options Exercise $0 -30,223 -50% $0.000000 30,223 15 Feb 2022 Common Stock 30,223 Direct F1, F5
* 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 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.
F3 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.
F4 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.
F5 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.