Shubham Maheshwari - May 21, 2021 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role
Chief Financial Officer
Signature
/s/ Shubham Maheshwari
Stock symbol
VREX
Transactions as of
May 21, 2021
Transactions value $
$0
Form type
4
Date filed
5/25/2021, 06:40 PM
Next filing
Dec 14, 2021

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 Award $0 +7.38K $0.00 7.38K May 21, 2021 Common Stock 7.38K Direct F1, F2
transaction VREX Non-Qualified Stock Option (right to buy) Award $0 +17.6K $0.00 17.6K May 21, 2021 Common Stock 17.6K $27.95 Direct F3
* 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 Restricted Stock Units granted on May 21, 2021 vest 50% on May 15, 2023 and 50% on May 15, 2025. Vested shares will be delivered to the reporting person upon vest date.
F3 These Performance Stock Options are subject to a four-year vesting schedule. 25% of the total number of options vest on May 15, 2022 and the remaining options vest monthly thereafter on a pro rata basis.