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

Role
President and CEO, Director
Signature
/s/ Sunny Sanyal
Stock symbol
VREX
Transactions as of
Feb 15, 2022
Transactions value $
-$477,920
Form type
4
Date filed
2/17/2022, 04:04 PM
Previous filing
Dec 30, 2021
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VREX Common Stock Options Exercise +7.09K +9.63% 80.7K Feb 15, 2022 Direct F1
transaction VREX Common Stock Options Exercise +8.37K +10.37% 89.1K Feb 15, 2022 Direct F1
transaction VREX Common Stock Options Exercise +30.2K +33.92% 119K Feb 15, 2022 Direct F1
transaction VREX Common Stock Tax liability -$478K -20.4K -17.07% $23.47 99K Feb 15, 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 -7.09K -100% $0.00* 0 Feb 15, 2022 Common Stock 7.09K Direct F1, F3
transaction VREX Restricted Stock Units Options Exercise $0 -8.37K -50% $0.00 8.37K Feb 15, 2022 Common Stock 8.37K Direct F1, F4
transaction VREX Restricted Stock Units Options Exercise $0 -30.2K -50% $0.00 30.2K Feb 15, 2022 Common Stock 30.2K 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.